Nuveen S&P 500 Buy-Write Income Fund (NYSE:BXMX) Announces $0.27 Quarterly Dividend

Nuveen S&P 500 Buy-Write Income Fund (NYSE:BXMX) declared a quarterly dividend on Monday, March 2nd. Stockholders of record on Friday, March 13th will be given a dividend of 0.2725 per share by the financial services provider on Wednesday, April 1st. This represents a c) annualized dividend and a dividend yield of 7.6%. The ex-dividend date of this dividend is Friday, March 13th.

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

Shares of NYSE BXMX traded up $0.04 during trading hours on Wednesday, hitting $14.41. 54,042 shares of the company traded hands, compared to its average volume of 151,378. The company’s 50 day moving average price is $14.69 and its 200 day moving average price is $14.46. Nuveen S&P 500 Buy-Write Income Fund has a 12 month low of $11.25 and a 12 month high of $15.00.

Hedge Funds Weigh In On Nuveen S&P 500 Buy-Write Income Fund

A number of institutional investors and hedge funds have recently made changes to their positions in BXMX. Sound Income Strategies LLC acquired a new stake in shares of Nuveen S&P 500 Buy-Write Income Fund during the 4th quarter worth about $27,000. Colonial Trust Advisors purchased a new position in shares of Nuveen S&P 500 Buy-Write Income Fund in the 2nd quarter valued at $31,000. Arax Advisory Partners raised its stake in Nuveen S&P 500 Buy-Write Income Fund by 800.0% during the 4th quarter. Arax Advisory Partners now owns 2,250 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 2,000 shares in the last quarter. Harbor Investment Advisory LLC lifted its position in Nuveen S&P 500 Buy-Write Income Fund by 37.8% in the fourth quarter. Harbor Investment Advisory LLC now owns 3,400 shares of the financial services provider’s stock valued at $50,000 after acquiring an additional 932 shares during the last quarter. Finally, Global Retirement Partners LLC acquired a new position in Nuveen S&P 500 Buy-Write Income Fund in the fourth quarter valued at $68,000.

About Nuveen S&P 500 Buy-Write Income Fund

Nuveen S&P 500 Buy-Write Income Fund (NYSE: BXMX) is a closed-end management investment company that seeks to provide investors with a combination of current income and capital appreciation. The fund primarily invests in a diversified portfolio of common stocks included in the S&P 500 Index. To supplement dividend income and potentially enhance total return, the fund employs a covered call option strategy, writing call options on either the S&P 500 Index or selected individual holdings.

Under its buy-write approach, the fund purchases underlying equity securities and sells call options on those securities or on a broad market index.