Nuveen S&P 500 Buy-Write Income Fund Stock Surpasses 50-Day Moving Average

The Nuveen S&P 500 Buy-Write Income Fund (NYSE:BXMX) saw its stock price rise above the 50-day moving average on Friday. This increase followed news that an insider purchased additional shares of the fund. The 50-day moving average stands at $14.01, and during trading, the stock reached a high of $14.29 before closing at $14.09 with a trading volume of 132,665 shares.

Price Performance of Nuveen S&P 500 Buy-Write Income Fund

The price performance of the fund is monitored closely. Its 50-day simple moving average is currently $14.01, while the 200-day simple moving average is at $13.78, indicating overall trends in its stock price over different periods.

Dividend Announcements

In addition to its stock performance, the Nuveen S&P 500 Buy-Write Income Fund recently announced a quarterly dividend. This dividend was distributed to shareholders on December 31st. Those who were shareholders as of December 13th received a dividend of $0.2725 per share. This dividend amounts to an annualized total of $1.09, providing a yield of 7.74%. The announcement of the ex-dividend date was also made, signifying the last day to purchase shares to be eligible for the dividend.

Institutional Investments in Nuveen S&P 500 Buy-Write Income Fund

Recent activity among institutional investors has shown increased interest in the Nuveen S&P 500 Buy-Write Income Fund. Notably, Raymond James Financial Inc. acquired a new stake in the fund worth approximately $17.81 million in the fourth quarter. Additionally, International Assets Investment Management significantly boosted its holdings by 1,303.5% in the third quarter and now owns 488,892 shares. Allspring Global Investments also increased its stake by 110.4%, while Lindbrook Capital and Envestnet Asset Management made similar moves to enhance their positions in this fund. This trend reflects growing confidence among institutional investors in the fund's performance.

About Nuveen S&P 500 Buy-Write Income Fund

The Nuveen S&P 500 Buy-Write Income Fund is a closed-ended equity indexed mutual fund established by Nuveen Investments, Inc. The fund is co-managed by Nuveen Fund Advisors LLC and Gateway Investment Advisers, LLC, targeting companies across various sectors in the U.S. public equity markets.

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Nuveen, Dividends, Investing