Nuveen S&P 500 Dynamic Overwrite Fund (NYSE:SPXX) Plans Quarterly Dividend of $0.42

Nuveen S&P 500 Dynamic Overwrite Fund (NYSE:SPXX) announced a quarterly dividend on Tuesday, September 1st. Shareholders of record on Tuesday, September 15th will be given a dividend of 0.4215 per share by the investment management company on Thursday, October 1st. This represents a c) dividend on an annualized basis and a yield of 8.8%. The ex-dividend date of this dividend is Tuesday, September 15th.

Nuveen S&P 500 Dynamic Overwrite Fund Trading Up 0.2%

Shares of SPXX stock traded up $0.03 during midday trading on Wednesday, hitting $19.09. The company had a trading volume of 71,330 shares, compared to its average volume of 193,447. The company’s 50 day simple moving average is $18.74 and its 200 day simple moving average is $17.92. Nuveen S&P 500 Dynamic Overwrite Fund has a 52-week low of $15.78 and a 52-week high of $19.39.

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

Large investors have recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its stake in shares of Nuveen S&P 500 Dynamic Overwrite Fund by 393.1% in the 4th quarter. Farther Finance Advisors LLC now owns 1,568 shares of the investment management company’s stock worth $28,000 after acquiring an additional 1,250 shares during the period. CENTRAL TRUST Co acquired a new position in shares of Nuveen S&P 500 Dynamic Overwrite Fund during the first quarter worth about $29,000. Sunbelt Securities Inc. acquired a new position in shares of Nuveen S&P 500 Dynamic Overwrite Fund during the first quarter worth about $29,000. CIBC Private Wealth Group LLC purchased a new position in Nuveen S&P 500 Dynamic Overwrite Fund during the fourth quarter worth about $45,000. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new position in Nuveen S&P 500 Dynamic Overwrite Fund during the first quarter worth about $40,000.

Nuveen S&P 500 Dynamic Overwrite Fund Company Profile

Nuveen S&P 500 Dynamic Overwrite Fund (NYSE: SPXX) is a closed-end management investment company that seeks to provide attractive current income and total return potential through a dynamic options strategy. The fund primarily holds a portfolio of large-cap U.S. equities, corresponding closely to the constituents of the S&P 500 Index. In conjunction with its equity holdings, SPXX employs a covered-call, or “overwrite,” approach, writing call options on the underlying equity positions with varying strike prices and maturities to generate option premiums and enhance income for shareholders.

Launched and managed by Nuveen, the asset management arm of TIAA, the fund leverages Nuveen’s extensive experience in equity and options markets.