Nuveen NASDAQ 100 Dynamic Overwrite Fund (NASDAQ:QQQX) Stock Price Up 0.3% – Here’s What Happened

Nuveen NASDAQ 100 Dynamic Overwrite Fund (NASDAQ:QQQX)’s share price traded up 0.3% during trading on Friday . The stock traded as high as $30.69 and last traded at $30.45. Approximately 57,114 shares were traded during mid-day trading, a decline of 33% from the average daily volume of 84,785 shares. The stock had previously closed at $30.37.

Nuveen NASDAQ 100 Dynamic Overwrite Fund Price Performance

The business’s 50 day moving average is $30.03 and its 200 day moving average is $29.25.

Nuveen NASDAQ 100 Dynamic Overwrite Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th were issued a $0.738 dividend. This is an increase from Nuveen NASDAQ 100 Dynamic Overwrite Fund’s previous quarterly dividend of $0.61. This represents a $2.95 dividend on an annualized basis and a dividend yield of 9.7%. The ex-dividend date of this dividend was Monday, June 15th.

Institutional Investors Weigh In On Nuveen NASDAQ 100 Dynamic Overwrite Fund

Several institutional investors and hedge funds have recently made changes to their positions in QQQX. Cypress Capital Management LLC WY boosted its position in Nuveen NASDAQ 100 Dynamic Overwrite Fund by 0.5% in the fourth quarter. Cypress Capital Management LLC WY now owns 162,599 shares of the company’s stock valued at $4,637,000 after buying an additional 860 shares during the last quarter. Harbour Investments Inc. increased its holdings in Nuveen NASDAQ 100 Dynamic Overwrite Fund by 153.5% in the 4th quarter. Harbour Investments Inc. now owns 4,614 shares of the company’s stock worth $132,000 after buying an additional 2,794 shares during the period. Axxcess Wealth Management LLC raised its position in Nuveen NASDAQ 100 Dynamic Overwrite Fund by 1.5% during the 4th quarter. Axxcess Wealth Management LLC now owns 48,119 shares of the company’s stock worth $1,372,000 after buying an additional 706 shares during the last quarter. Global Retirement Partners LLC raised its position in Nuveen NASDAQ 100 Dynamic Overwrite Fund by 47.0% during the 4th quarter. Global Retirement Partners LLC now owns 3,366 shares of the company’s stock worth $96,000 after buying an additional 1,076 shares during the last quarter. Finally, HighTower Advisors LLC lifted its stake in Nuveen NASDAQ 100 Dynamic Overwrite Fund by 1.5% during the 4th quarter. HighTower Advisors LLC now owns 265,131 shares of the company’s stock valued at $7,562,000 after acquiring an additional 3,842 shares during the period. 23.60% of the stock is currently owned by institutional investors and hedge funds.

About Nuveen NASDAQ 100 Dynamic Overwrite Fund

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.