Cordasco Financial Network Lowers stake in Nuveen S&P 500 Buy-Write Income Fund (BXMX)

Nuveen S&P 500 Buy-Write Income Fund (BXMX) : Cordasco Financial Network reduced its stake in Nuveen S&P 500 Buy-Write Income Fund by 62.54% during the most recent quarter end. The investment management company now holds a total of 295,317 shares of Nuveen S&P 500 Buy-Write Income Fund which is valued at $3,735,760 after selling 493,071 shares in Nuveen S&P 500 Buy-Write Income Fund , the firm said in a disclosure report filed with the SEC on Apr 25, 2016.Nuveen S&P 500 Buy-Write Income Fund makes up approximately 4.15% of Cordasco Financial Network’s portfolio.

Nuveen S&P 500 Buy-Write Income Fund opened for trading at $12.69 and hit $12.92 on the upside on Monday, eventually ending the session at $12.91, with a gain of 2.06% or 0.26 points. The heightened volatility saw the trading volume jump to 2,71,132 shares. Company has a market cap of $497 M.

Other Hedge Funds, Including , Metlife Securities Inc reduced its stake in BXMX by selling 3,218 shares or 10.73% in the most recent quarter. The Hedge Fund company now holds 26,773 shares of BXMX which is valued at $343,765. Nuveen S&P 500 Buy-Write Income Fund makes up approx 0.01% of Metlife Securities Inc’s portfolio.Youngs Advisory Group boosted its stake in BXMX in the latest quarter, The investment management firm added 10,448 additional shares and now holds a total of 71,298 shares of Nuveen S&P 500 Buy-Write Income Fund which is valued at $915,466. Nuveen S&P 500 Buy-Write Income Fund makes up approx 0.76% of Youngs Advisory Group’s portfolio.Sigma Planning Corp reduced its stake in BXMX by selling 2,322 shares or 7.31% in the most recent quarter. The Hedge Fund company now holds 29,444 shares of BXMX which is valued at $378,061. Nuveen S&P 500 Buy-Write Income Fund makes up approx 0.05% of Sigma Planning Corp’s portfolio. Prospera Financial Services Inc added BXMX to its portfolio by purchasing 18,729 company shares during the most recent quarter which is valued at $242,353. Nuveen S&P 500 Buy-Write Income Fund makes up approx 0.05% of Prospera Financial Services Inc’s portfolio.

Nuveen S&P 500 Buy-Write Income Fund formerly Nuveen Equity Premium Income Fund is a closed end fund. The Fund’s investment objective is to seek attractive total return with less volatility than the S&P 500 Index. The Fund’s portfolio comprises companies in oil gas and consumable fuels; banks; technology hardware storage and peripherals; Internet software and services; biotechnology; health care providers and services; food and staples retailing; diversified financial services; household products; beverages; health care equipment and supplies; aerospace & defense; media; insurance; health care equipment and supplies and industrial conglomerates sectors. The assets of Nuveen S&P 500 Buy-Write Income Fund are managed by Gateway Investment Advisers LLC (Gateway).

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