Nuveen NASDAQ 100 Dynamic Overwrite Fund (NASDAQ:QQQX) Stock Breaks Above Two Hundred Day Moving Average – Should You Sell?

Nuveen NASDAQ 100 Dynamic Overwrite Fund (NASDAQ:QQQX)’s stock price crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $29.56 and traded as high as $30.15. Nuveen NASDAQ 100 Dynamic Overwrite Fund shares last traded at $29.90, with a volume of 80,224 shares.

Nuveen NASDAQ 100 Dynamic Overwrite Fund Price Performance

The firm has a 50-day moving average price of $30.34 and a 200 day moving average price of $29.56.

Nuveen NASDAQ 100 Dynamic Overwrite Fund Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th were issued a $0.7380 dividend. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $2.95 annualized dividend and a dividend yield of 10.1%.

Institutional Investors Weigh In On Nuveen NASDAQ 100 Dynamic Overwrite Fund

A number of institutional investors have recently modified their holdings of QQQX. Royal Bank of Canada raised its stake in 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 acquiring an additional 2,177 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Nuveen NASDAQ 100 Dynamic Overwrite Fund by 7.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 598,826 shares of the company’s stock valued at $15,971,000 after acquiring an additional 41,518 shares during the period. Bank of America Corp DE boosted its stake in Nuveen NASDAQ 100 Dynamic Overwrite Fund by 3.1% in the first quarter. Bank of America Corp DE now owns 375,648 shares of the company’s stock valued at $10,019,000 after acquiring an additional 11,219 shares during the period. Advisors Asset Management Inc. acquired a new position in Nuveen NASDAQ 100 Dynamic Overwrite Fund in the third quarter valued at approximately $6,853,000. Finally, Cypress Capital Management LLC WY grew its holdings in shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund by 8.3% during the second quarter. Cypress Capital Management LLC WY now owns 192,683 shares of the company’s stock valued at $5,947,000 after purchasing an additional 14,752 shares during the last quarter. Institutional investors own 23.60% of the company’s stock.

Nuveen NASDAQ 100 Dynamic Overwrite Fund Company Profile

Nuveen NASDAQ 100 Dynamic Overwrite Fund is a publicly traded closed-end investment fund that seeks to provide current income and the potential for capital appreciation. It invests primarily in a portfolio of stocks represented in the Nasdaq-100 Index. The fund also uses a dynamic options strategy, generally writing call options on the Nasdaq-100 Index or on securities in its portfolio. The premiums it receives may contribute to income, while the options can limit some potential gains if the underlying investments rise above the options’ exercise prices.