Nuveen S&P 500 Dynamic Overwrite Fund (NYSE:SPXX) Stock Passes Below 200-Day Moving Average of $13.68

Nuveen S&P 500 Dynamic Overwrite Fund (NYSE:SPXX)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $13.68 and traded as low as $13.10. Nuveen S&P 500 Dynamic Overwrite Fund shares last traded at $13.15, with a volume of 129,149 shares traded.

The company’s 50-day moving average price is $13.08 and its 200-day moving average price is $13.68.

Several institutional investors have recently added to or reduced their stakes in SPXX. Shaker Financial Services LLC lifted its position in shares of Nuveen S&P 500 Dynamic Overwrite Fund by 305.8% during the 1st quarter. Shaker Financial Services LLC now owns 119,943 shares of the investment management company’s stock worth $1,389,000 after purchasing an additional 90,383 shares during the last quarter. Wolverine Asset Management LLC purchased a new stake in Nuveen S&P 500 Dynamic Overwrite Fund in the first quarter valued at $648,000. Guggenheim Capital LLC purchased a new stake in Nuveen S&P 500 Dynamic Overwrite Fund in the fourth quarter valued at $757,000. OTA Financial Group L.P. purchased a new stake in Nuveen S&P 500 Dynamic Overwrite Fund in the first quarter valued at $402,000. Finally, Advisor Group Holdings Inc. purchased a new stake in Nuveen S&P 500 Dynamic Overwrite Fund in the first quarter valued at $360,000.

About Nuveen S&P 500 Dynamic Overwrite Fund (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.

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