Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX - Get Free Report)'s stock price reached a new 52-week high on Tuesday . The stock traded as high as $27.59 and last traded at $27.59, with a volume of 225 shares changing hands. The stock had previously closed at $27.37.
Nuveen Nasdaq 100 Dynamic Overwrite Fund Stock Down 1.1 %
The company's 50 day moving average price is $26.44 and its 200-day moving average price is $25.36.
Nuveen Nasdaq 100 Dynamic Overwrite Fund Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a $0.56 dividend. This is a positive change from Nuveen Nasdaq 100 Dynamic Overwrite Fund's previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Friday, December 13th. This represents a $2.24 annualized dividend and a yield of 8.27%.
Hedge Funds Weigh In On Nuveen Nasdaq 100 Dynamic Overwrite Fund
Hedge funds have recently modified their holdings of the stock. International Assets Investment Management LLC lifted its position in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 2,422.3% in the 3rd quarter. International Assets Investment Management LLC now owns 371,034 shares of the company's stock valued at $9,320,000 after acquiring an additional 356,324 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund in the third quarter worth approximately $4,669,000. Logan Stone Capital LLC grew its position in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 501.2% during the second quarter. Logan Stone Capital LLC now owns 132,935 shares of the company's stock valued at $3,334,000 after purchasing an additional 110,822 shares in the last quarter. Shaker Financial Services LLC increased its stake in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 21.4% in the 3rd quarter. Shaker Financial Services LLC now owns 284,148 shares of the company's stock valued at $7,241,000 after buying an additional 49,996 shares during the period. Finally, Wolverine Asset Management LLC increased its stake in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 18.9% in the 3rd quarter. Wolverine Asset Management LLC now owns 235,640 shares of the company's stock valued at $5,919,000 after buying an additional 37,507 shares during the period. 23.62% of the stock is currently owned by institutional investors and hedge funds.
About Nuveen Nasdaq 100 Dynamic Overwrite Fund
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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.
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