Nuveen S&P 500 Buy-Write Income FundBXMX
About: Nuveen S&P 500 Buy-Write Income Fund is a diversified closed-ended management investment company based in the United States. Its investment objective is to seek attractive total returns with less volatility. The fund invests its managed assets in a diversified equity portfolio that seeks to substantially replicate price movements of the S&P 500 Index. It also uses an index options strategy of writing (selling) index call options in seeking to moderate the volatility of returns relative to an all-equity portfolio. Its revenue is generated mainly from interest and dividend income.
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
100% more funds holding in top 10
Funds holding in top 10: 1 [Q1] → 2 (+1) [Q2]
38% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 16
4% more funds holding
Funds holding: 149 [Q1] → 155 (+6) [Q2]
9.56% less ownership
Funds ownership: 39.47% [Q1] → 29.91% (-9.56%) [Q2]
12% less repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 49
23% less capital invested
Capital invested by funds: $544M [Q1] → $421M (-$123M) [Q2]
Research analyst outlook
We haven’t received any recent analyst ratings for BXMX.