Nuveen NASDAQ 100 Dynamic Overwrite Fund (NASDAQ:QQQX) Shares Up 1.4% – Here’s Why

Nuveen NASDAQ 100 Dynamic Overwrite Fund (NASDAQ:QQQX – Get Free Report)’s share price was up 1.4% during trading on Wednesday. The company traded as high as $30.84 and last traded at $30.78. 79,645 shares traded hands during mid-day trading, a decline of 32% from the average session volume of 117,147 shares. The stock had previously closed at $30.37.

Nuveen NASDAQ 100 Dynamic Overwrite Fund Stock Performance

The firm’s 50-day simple moving average is $30.57 and its two-hundred day simple moving average is $30.20.

Nuveen NASDAQ 100 Dynamic Overwrite Fund Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th were given a $0.7380 dividend. This represents a $2.95 annualized dividend and a dividend yield of 9.6%. The ex-dividend date of this dividend was Tuesday, September 15th.

Institutional Trading of Nuveen NASDAQ 100 Dynamic Overwrite Fund

Several hedge funds and other institutional investors have recently modified their holdings of the business. First Bancorp Inc ME purchased a new position in shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund during the second quarter valued at $31,000. IFP Advisors Inc purchased a new stake in Nuveen NASDAQ 100 Dynamic Overwrite Fund in the 2nd quarter worth about $33,000. Trellis Wealth Advisors LLC purchased a new stake in Nuveen NASDAQ 100 Dynamic Overwrite Fund in the 3rd quarter worth about $53,000. Integrated Wealth Concepts LLC purchased a new stake in Nuveen NASDAQ 100 Dynamic Overwrite Fund in the 2nd quarter worth about $70,000. Finally, Ascentis Independent Advisors acquired a new stake in Nuveen NASDAQ 100 Dynamic Overwrite Fund during the 1st quarter worth about $72,000. Institutional investors and hedge funds own 23.60% of the company’s stock.

About Nuveen NASDAQ 100 Dynamic Overwrite Fund

(Get Free Report)

Nuveen NASDAQ 100 Dynamic Overwrite Fund (NASDAQ: QQQX) is a listed closed-end fund managed by Nuveen. The fund seeks to provide total return and current income through a portfolio designed to participate in the performance of companies included in the Nasdaq-100 Index.

QQQX uses a dynamic covered-call strategy, writing call options on a portion of its portfolio while maintaining exposure to large-cap growth-oriented equities. Option writing may generate income and can affect the fund’s participation in market gains and losses.

The fund primarily invests in publicly traded companies in the United States and other businesses represented in the Nasdaq-100 Index.

Further Reading

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