Nuveen S&P 500 Buy-Write Income Fund (NYSE:BXMX) Stock Price Passes Below 50 Day Moving Average – Time to Sell?

Nuveen S&P 500 Buy-Write Income Fund (NYSE:BXMX)’s stock price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $14.33 and traded as low as $14.18. Nuveen S&P 500 Buy-Write Income Fund shares last traded at $14.2650, with a volume of 118,608 shares trading hands.

Nuveen S&P 500 Buy-Write Income Fund Price Performance

The company’s 50-day moving average price is $14.33 and its two-hundred day moving average price is $13.90.

Nuveen S&P 500 Buy-Write Income Fund Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Monday, September 15th were paid a $0.2725 dividend. The ex-dividend date was Monday, September 15th. This represents a $1.09 dividend on an annualized basis and a yield of 7.6%.

Institutional Investors Weigh In On Nuveen S&P 500 Buy-Write Income Fund

A number of institutional investors have recently made changes to their positions in BXMX. Avantax Advisory Services Inc. acquired a new position in shares of Nuveen S&P 500 Buy-Write Income Fund in the first quarter valued at approximately $245,000. Eastern Bank bought a new stake in Nuveen S&P 500 Buy-Write Income Fund in the 1st quarter valued at $29,000. Choreo LLC boosted its stake in Nuveen S&P 500 Buy-Write Income Fund by 21.0% in the 1st quarter. Choreo LLC now owns 17,817 shares of the financial services provider’s stock valued at $239,000 after purchasing an additional 3,094 shares during the period. IFP Advisors Inc grew its holdings in Nuveen S&P 500 Buy-Write Income Fund by 64.7% in the 1st quarter. IFP Advisors Inc now owns 5,600 shares of the financial services provider’s stock valued at $73,000 after buying an additional 2,200 shares in the last quarter. Finally, Marco Investment Management LLC increased its position in Nuveen S&P 500 Buy-Write Income Fund by 34.5% during the 1st quarter. Marco Investment Management LLC now owns 27,300 shares of the financial services provider’s stock worth $358,000 after buying an additional 7,000 shares during the period.

Nuveen S&P 500 Buy-Write Income Fund Company Profile

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