Nuveen S&P 500 Dynamic Overwrite Fund (NYSE:SPXX) Stock Crosses Below Two Hundred Day Moving Average – Should You Sell?

Nuveen S&P 500 Dynamic Overwrite Fund (NYSE:SPXX)’s share price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $17.58 and traded as low as $17.38. Nuveen S&P 500 Dynamic Overwrite Fund shares last traded at $17.4050, with a volume of 34,179 shares trading hands.

Nuveen S&P 500 Dynamic Overwrite Fund Stock Performance

The firm has a 50 day moving average of $17.64 and a 200 day moving average of $17.58.

Nuveen S&P 500 Dynamic Overwrite Fund Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th were given a dividend of $0.3375 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $1.35 annualized dividend and a dividend yield of 7.8%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of SPXX. Integrated Wealth Concepts LLC acquired a new position in Nuveen S&P 500 Dynamic Overwrite Fund during the 1st quarter worth approximately $1,437,000. Shaker Financial Services LLC acquired a new stake in Nuveen S&P 500 Dynamic Overwrite Fund in the second quarter valued at approximately $1,272,000. Osaic Holdings Inc. increased its holdings in shares of Nuveen S&P 500 Dynamic Overwrite Fund by 106.4% during the second quarter. Osaic Holdings Inc. now owns 106,129 shares of the investment management company’s stock valued at $1,883,000 after acquiring an additional 54,714 shares in the last quarter. Invesco Ltd. raised its position in shares of Nuveen S&P 500 Dynamic Overwrite Fund by 9.2% during the second quarter. Invesco Ltd. now owns 300,086 shares of the investment management company’s stock worth $5,324,000 after purchasing an additional 25,257 shares during the period. Finally, LPL Financial LLC lifted its holdings in shares of Nuveen S&P 500 Dynamic Overwrite Fund by 16.0% in the 1st quarter. LPL Financial LLC now owns 157,845 shares of the investment management company’s stock worth $2,668,000 after purchasing an additional 21,728 shares in the last quarter.

Nuveen S&P 500 Dynamic Overwrite Fund Company Profile

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.