Nuveen S&P 500 Dynamic Overwrite Fund (NYSE:SPXX – Get Rating) declared a quarterly dividend on Thursday, September 1st, Zacks reports. Investors of record on Thursday, September 15th will be given a dividend of 0.294 per share by the investment management company on Monday, October 3rd. This represents a $1.18 dividend on an annualized basis and a yield of 7.50%. The ex-dividend date is Wednesday, September 14th.
Nuveen S&P 500 Dynamic Overwrite Fund has decreased its dividend payment by an average of 4.4% annually over the last three years and has raised its dividend annually for the last 1 consecutive years.
Get Nuveen S&P 500 Dynamic Overwrite Fund alerts:Nuveen S&P 500 Dynamic Overwrite Fund Stock Down 0.4 %
SPXX stock opened at $15.67 on Friday. The stock's 50 day simple moving average is $16.11 and its 200 day simple moving average is $16.57. Nuveen S&P 500 Dynamic Overwrite Fund has a fifty-two week low of $14.75 and a fifty-two week high of $18.92.
Institutional Trading of Nuveen S&P 500 Dynamic Overwrite Fund
Several institutional investors and hedge funds have recently modified their holdings of the stock. Wells Fargo & Company MN raised its stake in shares of Nuveen S&P 500 Dynamic Overwrite Fund by 2.8% in the second quarter. Wells Fargo & Company MN now owns 512,238 shares of the investment management company's stock worth $8,022,000 after purchasing an additional 13,889 shares during the last quarter. LPL Financial LLC grew its holdings in shares of Nuveen S&P 500 Dynamic Overwrite Fund by 38.5% in the second quarter. LPL Financial LLC now owns 170,800 shares of the investment management company's stock valued at $2,675,000 after acquiring an additional 47,500 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Nuveen S&P 500 Dynamic Overwrite Fund by 145.8% in the first quarter. Advisors Asset Management Inc. now owns 141,236 shares of the investment management company's stock valued at $2,538,000 after acquiring an additional 83,766 shares in the last quarter. Guggenheim Capital LLC grew its holdings in shares of Nuveen S&P 500 Dynamic Overwrite Fund by 328.9% in the first quarter. Guggenheim Capital LLC now owns 63,077 shares of the investment management company's stock valued at $1,133,000 after acquiring an additional 48,372 shares in the last quarter. Finally, UBS Group AG grew its holdings in shares of Nuveen S&P 500 Dynamic Overwrite Fund by 4.6% in the first quarter. UBS Group AG now owns 316,029 shares of the investment management company's stock valued at $5,679,000 after acquiring an additional 13,879 shares in the last quarter.Nuveen S&P 500 Dynamic Overwrite Fund Company Profile
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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.
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