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Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) Hits New 1-Year High - Here's Why

Nuveen Nasdaq 100 Dynamic Overwrite Fund logo with Finance background

Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX - Get Free Report) reached a new 52-week high during trading on Thursday . The company traded as high as $25.87 and last traded at $25.87, with a volume of 24276 shares traded. The stock had previously closed at $25.61.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Trading Up 1.8 %

The stock's fifty day moving average is $24.96 and its two-hundred day moving average is $24.53.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 13th were paid a $0.42 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.68 dividend on an annualized basis and a yield of 6.44%.

Institutional Investors Weigh In On Nuveen Nasdaq 100 Dynamic Overwrite Fund

Several institutional investors and hedge funds have recently bought and sold shares of QQQX. Lynx Investment Advisory acquired a new position in Nuveen Nasdaq 100 Dynamic Overwrite Fund during the 2nd quarter valued at about $33,000. Fairman Group LLC bought a new stake in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund during the 2nd quarter worth about $51,000. ORG Partners LLC acquired a new stake in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund in the 1st quarter worth approximately $72,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund in the third quarter valued at approximately $114,000. Finally, Aspen Investment Management Inc acquired a new position in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund during the second quarter valued at approximately $204,000. Institutional investors and hedge funds own 23.62% of the company's stock.

About Nuveen Nasdaq 100 Dynamic Overwrite Fund

(Get Free Report)

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.

Further Reading

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