Nuveen S&P 500 Dynamic Overwrite Fund (NYSE:SPXX) Shares Cross Above 50 Day Moving Average of $16.08

Shares of Nuveen S&P 500 Dynamic Overwrite Fund (NYSE:SPXX) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $16.08 and traded as high as $16.51. Nuveen S&P 500 Dynamic Overwrite Fund shares last traded at $16.51, with a volume of 300 shares trading hands.

The stock’s 50 day moving average is $16.10.

Hedge funds and other institutional investors have recently modified their holdings of the company. Steward Partners Investment Advisory LLC acquired a new position in shares of Nuveen S&P 500 Dynamic Overwrite Fund during the second quarter worth approximately $102,000. Janney Montgomery Scott LLC raised its holdings in Nuveen S&P 500 Dynamic Overwrite Fund by 13.5% during the second quarter. Janney Montgomery Scott LLC now owns 16,919 shares of the investment management company’s stock worth $267,000 after purchasing an additional 2,014 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in Nuveen S&P 500 Dynamic Overwrite Fund by 9.0% during the second quarter. Commonwealth Equity Services LLC now owns 21,660 shares of the investment management company’s stock worth $342,000 after purchasing an additional 1,795 shares in the last quarter. Finally, Ibex Wealth Advisors raised its holdings in Nuveen S&P 500 Dynamic Overwrite Fund by 21.0% during the second quarter. Ibex Wealth Advisors now owns 28,448 shares of the investment management company’s stock worth $449,000 after purchasing an additional 4,928 shares in the last quarter.

Nuveen S&P 500 Dynamic Overwrite Fund Company Profile (NYSE:SPXX)

Nuveen S&P 500 Dynamic Overwrite Fund is a closed-ended equity indexed 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.

See Also: Why do companies pay special dividends?

Receive News & Ratings for Nuveen S&P 500 Dynamic Overwrite Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nuveen S&P 500 Dynamic Overwrite Fund and related companies with MarketBeat.com's FREE daily email newsletter.