Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) Stock Price Up 0.7%

Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX)’s share price traded up 0.7% during trading on Monday . The company traded as high as $22.64 and last traded at $22.59. 133,454 shares were traded during mid-day trading, an increase of 10% from the average session volume of 121,145 shares. The stock had previously closed at $22.43.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Price Performance

The stock has a fifty day moving average price of $23.65 and a 200 day moving average price of $23.01.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 7.35%. The ex-dividend date of this dividend was Thursday, March 14th.

Hedge Funds Weigh In On Nuveen Nasdaq 100 Dynamic Overwrite Fund

A number of large investors have recently made changes to their positions in QQQX. Cornerstone Advisors LLC boosted its holdings in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 239.9% in the fourth quarter. Cornerstone Advisors LLC now owns 760,141 shares of the company’s stock worth $17,597,000 after acquiring an additional 536,490 shares during the period. International Assets Investment Management LLC raised its position in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 2,461.3% in the fourth quarter. International Assets Investment Management LLC now owns 308,818 shares of the company’s stock worth $7,149,000 after buying an additional 296,761 shares in the last quarter. Karpus Management Inc. purchased a new stake in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund in the fourth quarter worth $5,400,000. Wolverine Asset Management LLC raised its position in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 7,331.3% in the third quarter. Wolverine Asset Management LLC now owns 200,645 shares of the company’s stock worth $4,508,000 after buying an additional 197,945 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 48.7% in the third quarter. Invesco Ltd. now owns 457,947 shares of the company’s stock worth $10,290,000 after buying an additional 149,928 shares in the last quarter. 23.62% of the stock is owned by institutional investors.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Company Profile

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.