Nuveen S&P 500 Dynamic Overwrite Fund (NYSE:SPXX) Stock Price Passes Below 200-Day Moving Average – Time to Sell?

Nuveen S&P 500 Dynamic Overwrite Fund (NYSE:SPXX)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $17.61 and traded as low as $17.06. Nuveen S&P 500 Dynamic Overwrite Fund shares last traded at $17.15, with a volume of 39,008 shares traded.

Nuveen S&P 500 Dynamic Overwrite Fund Stock Performance

The business’s 50 day moving average price is $17.51 and its 200 day moving average price is $17.61.

Nuveen S&P 500 Dynamic Overwrite Fund Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Monday, September 15th were given a dividend of $0.3375 per share. This represents a $1.35 annualized dividend and a yield of 7.9%. The ex-dividend date was Monday, September 15th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. UBS Group AG grew its position in shares of Nuveen S&P 500 Dynamic Overwrite Fund by 2.5% during the 3rd quarter. UBS Group AG now owns 405,266 shares of the investment management company’s stock valued at $7,088,000 after acquiring an additional 9,708 shares during the period. Raymond James Financial Inc. grew its holdings in Nuveen S&P 500 Dynamic Overwrite Fund by 5.1% in the first quarter. Raymond James Financial Inc. now owns 351,169 shares of the investment management company’s stock valued at $5,935,000 after purchasing an additional 16,967 shares during the period. Invesco Ltd. grew its holdings in Nuveen S&P 500 Dynamic Overwrite Fund by 3.1% in the third quarter. Invesco Ltd. now owns 309,248 shares of the investment management company’s stock valued at $5,409,000 after purchasing an additional 9,162 shares during the period. LPL Financial LLC increased its position in shares of Nuveen S&P 500 Dynamic Overwrite Fund by 16.0% in the first quarter. LPL Financial LLC now owns 157,845 shares of the investment management company’s stock valued at $2,668,000 after buying an additional 21,728 shares in the last quarter. Finally, Osaic Holdings Inc. raised its stake in shares of Nuveen S&P 500 Dynamic Overwrite Fund by 106.4% during the 2nd quarter. Osaic Holdings Inc. now owns 106,129 shares of the investment management company’s stock worth $1,883,000 after buying an additional 54,714 shares during the period.

About Nuveen S&P 500 Dynamic Overwrite Fund

Nuveen S&P 500 Dynamic Overwrite Fund is a closed-ended equity indexed mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors.