Nuveen Dow 30 Dynamic Overwrite Fund (NYSEARCA:DIAX) Shares Down 0.9% – Should You Sell?

Nuveen Dow 30 Dynamic Overwrite Fund (NYSEARCA:DIAX)’s share price fell 0.9% during trading on Thursday . The stock traded as low as $15.22 and last traded at $15.31. 112,374 shares were traded during trading, an increase of 12% from the average session volume of 100,241 shares. The stock had previously closed at $15.45.

Nuveen Dow 30 Dynamic Overwrite Fund Price Performance

The company’s 50-day moving average is $15.30 and its two-hundred day moving average is $14.87.

Nuveen Dow 30 Dynamic Overwrite Fund Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were given a dividend of $0.301 per share. The ex-dividend date was Monday, December 15th. This represents a $1.20 annualized dividend and a dividend yield of 7.9%.

Institutional Trading of Nuveen Dow 30 Dynamic Overwrite Fund

Large investors have recently added to or reduced their stakes in the business. Comerica Bank grew its position in Nuveen Dow 30 Dynamic Overwrite Fund by 23.3% in the 1st quarter. Comerica Bank now owns 5,973 shares of the company’s stock valued at $87,000 after buying an additional 1,128 shares in the last quarter. NewEdge Advisors LLC lifted its stake in shares of Nuveen Dow 30 Dynamic Overwrite Fund by 16.0% in the 1st quarter. NewEdge Advisors LLC now owns 32,223 shares of the company’s stock worth $467,000 after acquiring an additional 4,436 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of Nuveen Dow 30 Dynamic Overwrite Fund by 2,755.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 353,986 shares of the company’s stock valued at $5,076,000 after acquiring an additional 341,587 shares in the last quarter. Wolverine Asset Management LLC increased its stake in shares of Nuveen Dow 30 Dynamic Overwrite Fund by 11.8% during the second quarter. Wolverine Asset Management LLC now owns 249,718 shares of the company’s stock valued at $3,581,000 after acquiring an additional 26,345 shares during the period. Finally, Shaker Financial Services LLC increased its stake in shares of Nuveen Dow 30 Dynamic Overwrite Fund by 70.1% during the second quarter. Shaker Financial Services LLC now owns 459,536 shares of the company’s stock valued at $6,728,000 after acquiring an additional 189,389 shares during the period.

About Nuveen Dow 30 Dynamic Overwrite Fund

Nuveen Dow 30 Dynamic Overwrite Fund is a closed-ended equity 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. It primarily invests in stocks of large cap companies. The fund also invests through call options. It seeks to replicate the performance of Dow Jones Industrial Average.