Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) Trading 0.7% Higher

Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) was up 0.7% during trading on Wednesday . The stock traded as high as $24.60 and last traded at $24.60. Approximately 59,551 shares traded hands during trading, a decline of 46% from the average daily volume of 111,070 shares. The stock had previously closed at $24.42.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Trading Up 0.7 %

The firm has a fifty day moving average price of $23.88 and a 200 day moving average price of $23.59.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 6.83%. The ex-dividend date is Friday, June 14th.

Institutional Investors Weigh In On Nuveen Nasdaq 100 Dynamic Overwrite Fund

Several hedge funds have recently modified their holdings of the stock. J.W. Cole Advisors Inc. lifted its stake in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 4.2% in the 4th quarter. J.W. Cole Advisors Inc. now owns 11,822 shares of the company’s stock worth $274,000 after acquiring an additional 477 shares in the last quarter. Financial Advocates Investment Management lifted its stake in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 4.2% in the 4th quarter. Financial Advocates Investment Management now owns 11,929 shares of the company’s stock worth $276,000 after acquiring an additional 480 shares in the last quarter. Private Advisor Group LLC lifted its stake in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 5.4% in the 4th quarter. Private Advisor Group LLC now owns 11,254 shares of the company’s stock worth $261,000 after acquiring an additional 572 shares in the last quarter. NBC Securities Inc. lifted its stake in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 2.3% in the 4th quarter. NBC Securities Inc. now owns 25,518 shares of the company’s stock worth $590,000 after acquiring an additional 578 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its stake in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 8.5% in the 1st quarter. International Assets Investment Management LLC now owns 14,475 shares of the company’s stock worth $349,000 after acquiring an additional 1,135 shares in the last quarter. 23.62% of the stock is owned by hedge funds and other institutional investors.

About Nuveen Nasdaq 100 Dynamic Overwrite Fund

Nuveen Nasdaq 100 Dynamic Overwrite Fund is a closed-ended equity indexed mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Asset Management, LLC and Nuveen Fund Advisors 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.