Nuveen NASDAQ 100 Dynamic Overwrite Fund (NASDAQ:QQQX) Stock Price Down 2.1% – What’s Next?

Nuveen NASDAQ 100 Dynamic Overwrite Fund (NASDAQ:QQQXGet Free Report) fell 2.1% during trading on Tuesday . The stock traded as low as $29.00 and last traded at $29.25. Approximately 71,828 shares traded hands during trading, a decline of 18% from the average session volume of 87,299 shares. The stock had previously closed at $29.88.

Nuveen NASDAQ 100 Dynamic Overwrite Fund Stock Down 0.1%

The company’s fifty day moving average is $30.28 and its 200 day moving average is $28.73.

Nuveen NASDAQ 100 Dynamic Overwrite Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be paid a dividend of $0.738 per share. This is a positive change from Nuveen NASDAQ 100 Dynamic Overwrite Fund’s previous quarterly dividend of $0.61. This represents a $2.95 annualized dividend and a yield of 10.3%. The ex-dividend date of this dividend is Monday, June 15th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Morgan Stanley grew its holdings in shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund by 2.4% in the fourth quarter. Morgan Stanley now owns 2,017,428 shares of the company’s stock worth $57,537,000 after purchasing an additional 47,987 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund by 0.4% in the fourth quarter. Wells Fargo & Company MN now owns 1,240,373 shares of the company’s stock valued at $35,375,000 after acquiring an additional 4,910 shares during the period. Invesco Ltd. raised its stake in shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund by 2.7% during the third quarter. Invesco Ltd. now owns 845,225 shares of the company’s stock valued at $23,210,000 after acquiring an additional 22,215 shares during the last quarter. UBS Group AG raised its stake in shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund by 1.6% during the third quarter. UBS Group AG now owns 748,593 shares of the company’s stock valued at $20,556,000 after acquiring an additional 12,122 shares during the last quarter. Finally, Royal Bank of Canada boosted its holdings in shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund by 0.3% during the first quarter. Royal Bank of Canada now owns 745,857 shares of the company’s stock worth $19,892,000 after purchasing an additional 2,177 shares during the period. Institutional investors own 23.60% of the company’s stock.

About Nuveen NASDAQ 100 Dynamic Overwrite Fund

(Get Free Report)

The Nuveen NASDAQ 100 Dynamic Overwrite Fund (NASDAQ: QQQX) is a closed-end management investment company that seeks to provide investors with a high level of current income while maintaining prospects for capital appreciation. The fund primarily invests in the equity securities included in the NASDAQ-100 Index, giving investors exposure to leading U.S. companies in the technology, consumer services, healthcare and industrial sectors. As a publicly traded fund, QQQX offers daily liquidity through its listing on the Nasdaq Stock Market.

In pursuit of its income objective, QQQX employs a dynamic covered call strategy, writing call options on its NASDAQ-100 holdings to generate option premium.

Featured Stories

Receive News & Ratings for Nuveen NASDAQ 100 Dynamic Overwrite Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nuveen NASDAQ 100 Dynamic Overwrite Fund and related companies with MarketBeat.com's FREE daily email newsletter.