Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) to Issue Quarterly Dividend of $0.34 on April 1st

Nuveen S&P 500 Dynamic Overwrite Fund (NYSE:SPXX) declared a quarterly dividend on Monday, March 2nd. Stockholders of record on Friday, March 13th will be paid a dividend of 0.3375 per share by the investment management company on Wednesday, April 1st. This represents a c) dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date of this dividend is Friday, March 13th.

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

Shares of NYSE:SPXX traded up $0.04 on Wednesday, reaching $17.29. 49,930 shares of the company traded hands, compared to its average volume of 54,951. The business’s 50-day simple moving average is $17.89 and its 200 day simple moving average is $17.78. Nuveen S&P 500 Dynamic Overwrite Fund has a 52 week low of $14.33 and a 52 week high of $18.41.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Envestnet Asset Management Inc. bought a new stake in Nuveen S&P 500 Dynamic Overwrite Fund in the third quarter valued at approximately $175,000. Kestra Advisory Services LLC purchased a new stake in shares of Nuveen S&P 500 Dynamic Overwrite Fund during the fourth quarter valued at approximately $70,000. CIBC Private Wealth Group LLC bought a new position in shares of Nuveen S&P 500 Dynamic Overwrite Fund in the fourth quarter worth approximately $45,000. Moors & Cabot Inc. purchased a new position in shares of Nuveen S&P 500 Dynamic Overwrite Fund in the fourth quarter worth $183,000. Finally, Western Wealth Management LLC increased its stake in shares of Nuveen S&P 500 Dynamic Overwrite Fund by 137.6% in the fourth quarter. Western Wealth Management LLC now owns 34,213 shares of the investment management company’s stock worth $617,000 after buying an additional 19,811 shares during the period.

About Nuveen S&P 500 Dynamic Overwrite Fund

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.