Nuveen S&P 500 Buy-Write Income Fund (NYSE:BXMX) Shares Up 0.1% – Here’s Why

Nuveen S&P 500 Buy-Write Income Fund (NYSE:BXMX)’s share price rose 0.1% during trading on Monday . The stock traded as high as $14.75 and last traded at $14.71. Approximately 191,985 shares were traded during mid-day trading, a decline of 0% from the average daily volume of 192,643 shares. The stock had previously closed at $14.69.

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

The firm’s 50-day simple moving average is $14.39 and its two-hundred day simple moving average is $14.22.

Nuveen S&P 500 Buy-Write Income Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were issued a dividend of $0.2725 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $1.09 dividend on an annualized basis and a dividend yield of 7.4%.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Baird Financial Group Inc. lifted its position in Nuveen S&P 500 Buy-Write Income Fund by 3.0% during the 1st quarter. Baird Financial Group Inc. now owns 31,159 shares of the financial services provider’s stock worth $409,000 after acquiring an additional 902 shares during the period. NewEdge Advisors LLC raised its stake in shares of Nuveen S&P 500 Buy-Write Income Fund by 9.0% in the first quarter. NewEdge Advisors LLC now owns 43,415 shares of the financial services provider’s stock worth $570,000 after purchasing an additional 3,580 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Nuveen S&P 500 Buy-Write Income Fund in the first quarter worth about $213,000. Geneos Wealth Management Inc. lifted its holdings in shares of Nuveen S&P 500 Buy-Write Income Fund by 291.0% during the first quarter. Geneos Wealth Management Inc. now owns 9,418 shares of the financial services provider’s stock worth $124,000 after purchasing an additional 7,009 shares during the period. Finally, Oliver Lagore Vanvalin Investment Group purchased a new stake in Nuveen S&P 500 Buy-Write Income Fund in the second quarter valued at approximately $126,000.

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.