Nuveen S&P 500 Buy-Write Income FundBXMX
Market Cap: $1.37B
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]
31% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 16
3% more funds holding
Funds holding: 148 [Q1] → 153 (+5) [Q2]
9.61% less ownership
Funds ownership: 39.39% [Q1] → 29.78% (-9.61%) [Q2]
14% less repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 49
23% less capital invested
Capital invested by funds: $543M [Q1] → $419M (-$124M) [Q2]
Research analyst outlook
We haven’t received any recent analyst ratings for BXMX.