Nuveen Dow 30 Dynamic Overwrite Fund (NYSEARCA:DIAX) Stock Price Down 0.9% – Should You Sell?

Nuveen Dow 30 Dynamic Overwrite Fund (NYSEARCA:DIAX) shares fell 0.9% on Thursday . The company traded as low as $15.22 and last traded at $15.31. 112,374 shares changed hands during trading, an increase of 12% from the average session volume of 100,241 shares. The stock had previously closed at $15.45.

Nuveen Dow 30 Dynamic Overwrite Fund Price Performance

The company has a 50-day moving average price of $15.31 and a 200 day moving average price of $14.88.

Nuveen Dow 30 Dynamic Overwrite Fund Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were paid a dividend of $0.301 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $1.20 dividend on an annualized basis and a yield of 7.7%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. KERR FINANCIAL PLANNING Corp purchased a new position in shares of Nuveen Dow 30 Dynamic Overwrite Fund in the third quarter valued at $36,000. Advisory Services Network LLC purchased a new position in shares of Nuveen Dow 30 Dynamic Overwrite Fund in the 3rd quarter worth $42,000. Farther Finance Advisors LLC increased its holdings in shares of Nuveen Dow 30 Dynamic Overwrite Fund by 2,853.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,278 shares of the company’s stock worth $49,000 after buying an additional 3,167 shares during the last quarter. Comerica Bank raised its position in shares of Nuveen Dow 30 Dynamic Overwrite Fund by 23.3% during the 1st quarter. Comerica Bank now owns 5,973 shares of the company’s stock valued at $87,000 after buying an additional 1,128 shares in the last quarter. Finally, Blue Trust Inc. bought a new position in shares of Nuveen Dow 30 Dynamic Overwrite Fund in the 4th quarter valued at about $107,000.

Nuveen Dow 30 Dynamic Overwrite Fund Company Profile

Nuveen Dow 30 Dynamic Overwrite Fund is a closed-ended equity 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. It primarily invests in stocks of large cap companies. The fund also invests through call options. It seeks to replicate the performance of Dow Jones Industrial Average.