Nuveen S&P 500 Dynamic Overwrite Fund (NYSE:SPXX) to Issue Quarterly Dividend of $0.34

Nuveen S&P 500 Dynamic Overwrite Fund (NYSE:SPXX) declared a quarterly dividend on Monday, December 1st. Investors of record on Monday, December 15th will be paid a dividend of 0.3375 per share by the investment management company on Wednesday, December 31st. This represents a c) annualized dividend and a yield of 7.5%. The ex-dividend date is Monday, December 15th.

Nuveen S&P 500 Dynamic Overwrite Fund Price Performance

Shares of SPXX stock traded up $0.12 during mid-day trading on Tuesday, reaching $17.96. The stock had a trading volume of 9,610 shares, compared to its average volume of 53,650. Nuveen S&P 500 Dynamic Overwrite Fund has a one year low of $14.33 and a one year high of $18.52. The firm’s 50 day simple moving average is $17.48 and its 200 day simple moving average is $17.65.

Hedge Funds Weigh In On Nuveen S&P 500 Dynamic Overwrite Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. bought a new stake in Nuveen S&P 500 Dynamic Overwrite Fund in the third quarter valued at about $175,000. Western Wealth Management LLC bought a new stake in shares of Nuveen S&P 500 Dynamic Overwrite Fund in the 2nd quarter valued at approximately $255,000. Two Sigma Investments LP acquired a new position in shares of Nuveen S&P 500 Dynamic Overwrite Fund in the 3rd quarter worth approximately $280,000. Truist Financial Corp lifted its position in shares of Nuveen S&P 500 Dynamic Overwrite Fund by 5.9% during the 2nd quarter. Truist Financial Corp now owns 19,046 shares of the investment management company’s stock worth $338,000 after buying an additional 1,061 shares during the period. Finally, Allworth Financial LP boosted its stake in Nuveen S&P 500 Dynamic Overwrite Fund by 1,331.1% in the 2nd quarter. Allworth Financial LP now owns 19,205 shares of the investment management company’s stock valued at $341,000 after buying an additional 17,863 shares in the last quarter.

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.