Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) Hits New 52-Week High – Should You Buy?

Shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) reached a new 52-week high during trading on Tuesday . The company traded as high as $27.59 and last traded at $27.59, with a volume of 225 shares traded. The stock had previously closed at $27.37.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Stock Down 0.3 %

The stock’s 50 day moving average is $26.44 and its two-hundred day moving average is $25.36.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a dividend of $0.56 per share. The ex-dividend date of this dividend was Friday, December 13th. This is an increase from Nuveen Nasdaq 100 Dynamic Overwrite Fund’s previous quarterly dividend of $0.42. This represents a $2.24 dividend on an annualized basis and a yield of 8.21%.

Institutional Trading of Nuveen Nasdaq 100 Dynamic Overwrite Fund

Hedge funds have recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Nuveen Nasdaq 100 Dynamic Overwrite Fund in the third quarter valued at approximately $114,000. Walleye Capital LLC boosted its position in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 83.2% during the third quarter. Walleye Capital LLC now owns 14,696 shares of the company’s stock worth $369,000 after buying an additional 6,672 shares during the period. Advisors Asset Management Inc. purchased a new stake in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund in the 3rd quarter valued at $460,000. Sanctuary Advisors LLC purchased a new position in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund in the second quarter valued at approximately $541,000. Finally, Wedbush Securities Inc. boosted its position in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 11.4% during the 2nd quarter. Wedbush Securities Inc. now owns 25,310 shares of the company’s stock worth $635,000 after acquiring an additional 2,591 shares in the last quarter. Hedge funds and other institutional investors own 23.62% of the company’s stock.

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.