Nuveen S&P 500 Buy-Write Income Fund (BXMX)
| Market Value | 1.42B |
| Revenue (ttm) | 24.04M |
| Net Income (ttm) | 207.83M |
| Shares Out | 104.17M |
| EPS (ttm) | 2.00 |
| PE Ratio | 6.86 |
| Forward PE | n/a |
| Dividend | $1.09 (7.98%) |
| Ex-Dividend Date | Dec 13, 2024 |
| Volume | 182,474 |
| Open | 13.45 |
| Previous Close | 13.54 |
| Day's Range | 13.42 - 13.75 |
| 52-Week Range | 12.45 - 14.30 |
| Beta | 0.91 |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | n/a |
About BXMX
Nuveen S&P 500 Buy-Write Income Fund is a closed-ended equity indexed mutual fund launched by Nuveen Investments, Inc. It is co-managed by Nuveen Fund Advisors LLC and Gateway Investment Advisers, LLC. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors. The fund also invests through index call options. It seeks to replicate the performance of the S&P 500 Index by investing in proportion to their weighting in the index. The fund was formerly known as ... [Read more]
News
BXMX: A Disappointing 2024 For This Equity CEF
BXMX is a buy-write CEF that underperforms in bull markets but buffers downside in bear markets with high option premiums. The fund's structural features limit upside participation to 2% monthly, maki...
BXMX: Discount Widens To A Tempting Level
The Nuveen S&P 500 Buy-Write Income Fund (BXMX) has seen its discount widen substantially, making it a more tempting investment choice. BXMX is a call-writing fund that writes calls against the S&P 50...
BXMX: Covered Call Fund - A Superior Choice To XYLD
Nuveen S&P 500 Buy-Write Income Fund uses options to reduce volatility and increase income from its portfolio of global equities. The fund's top holdings are primarily large-cap stocks, with calls wri...
Six Nuveen Closed-End Funds Announce Availability of 19(a) Notices
NEW YORK--(BUSINESS WIRE)--The 19(a) distribution notices for six Nuveen closed-end funds are now available. These informational notices provide further details on the sources of the funds' regular qu...
BXMX: Reliable Income But Don't Expect Any Growth
Nuveen S&P 500 Buy-Write Income Fund focuses on generating income through covered calls, offering a distribution yield of 7.2%. Covered call funds have gained popularity for their ability to generate ...
Why We Prefer BXMX's 7.7% Yield Over XYLD's 11.3%
BXMX and XYLD write covered calls on the index as an offset to their equity holdings. BXMX is a closed end fund, whereas XYLD is an exchange traded fund. We review them on key characteristics, perform...
BXMX: Solid Buy-Write Fund Yielding 7%
The Nuveen S&P 500 Buy-Write Income Fund writes index call options to enhance risk-adjusted returns and fund an attractive distribution yield. The fund has delivered solid historical performance with ...
BXMX: Discount Opens Up
The Nuveen S&P 500 Buy-Write Income Fund is currently trading at an attractive discount, dropping from the premium when we last covered the fund. The fund aims to mirror the S&P 500 Index and generate...
BXMX: Buy-Write CEF Outperforming JEPI, 7% Yield
BXMX is an equity buy-write closed-end fund. The CEF has a 7% dividend yield and has managed to outperform most buy-write funds this year, including the vaunted JP Morgan JEPI fund.
Ten Nuveen Closed-End Funds Announce Availability of 19(a) Notices
NEW YORK--(BUSINESS WIRE)--The 19(a) distribution notices for ten Nuveen closed-end funds are now available. These informational notices provide further details on the sources of the funds' regular mo...
BXMX: Range Bound Markets Are Ideal For This Buy Write CEF
Nuveen S&P 500 Buy-Write Income Fund is an equity buy-write CEF. The fund aims to replicate the S&P 500 via its holdings and then writes covered calls on the portfolio.
BXMX: Call Writing On The S&P 500, But Elevated Premium
The S&P 500 is down YTD, but BXMX has provided some downside protection through their call writing. One problem with that is that the share price has become relatively expensive, pushing to a premium.
Income Opportunities: CEFs And Rising Rates
After the Fed hiked interest rates for the fourth time this year, closed-end fund investors may wonder how their income will be affected. Past cycles have shown that valuations fall ahead of time in a...
Nuveen S&P 500 Buy-Write Income Fund, 7.2% Yield
BXMX is a CEF from the buy-write suite of products. The CEF pays income on a quarterly basis versus the monthly distributions we see for other funds in the space.
BXMX: A 5.9% Yielding Vehicle For Rangebound Markets
5.9% dividend yield from this equity "buy-write" CEF. The fund has quarterly rather than monthly distributions.
BXMX: A Supplement To Your DGI Portfolio
With income investments so pricey, investors might consider boosting the current yield of their portfolio by diversifying into higher-yielding investments.
BXMX: An Overwrite Strategy Focused On The S&P 500
This fund has come a long way since it was originally added to the portfolio.
A Ripe Environment For Covered Call CEFs
The current environment of expensive equity valuations and high implied volatility is particularly attractive for covered call funds relative to outright equity exposure. We take a look at the differe...
BXMX: A Good Alternative To Euphoric Indices
Buy-write funds have become an increasingly popular way to have your cake and eat it too. We examine the returns of Nuveen S&P 500 Buy-Write Income Fund.
Preparing For Distribution Changes For CEFs With MDPs
Some CEFs have managed distribution policies that are linked directly or indirectly to their NAVs, allowing investors to forecast changes in distributions with varying accuracy. Recent volatility has ...
Closed-End Funds: 3 'Buy' Rated Covered Call Funds
All three funds highlighted today with a 'Buy' rating are call writing funds.
This High-Yield CEF Pays 7.2% (With Upside)
It’s the million-dollar question these days: how can this market be up double digits in an economy like this?
Closed-End Funds: Overview Of Nuveen's Option-Based Funds
The four option-based funds by Nuveen include; BXMX, SPXX, DIAX, and QQQX.
A Smart Pullback Buy For 7% Dividends, Upside
What are we income-seekers to do after this latest pullback? Buy more? Sit on the sidelines?
Your Best Buy For 7.2% Dividends (And Upside) In A Wild Market
What if there was a way you could tap this market correction to grab the biggest S&P 500 stocks cheap?