Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX - Get Free Report) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $20.34 and last traded at $20.40, with a volume of 63707 shares traded. The stock had previously closed at $21.32.
Nuveen Nasdaq 100 Dynamic Overwrite Fund Trading Up 2.1 %
The firm has a 50-day moving average of $24.89 and a 200-day moving average of $25.81.
Nuveen Nasdaq 100 Dynamic Overwrite Fund Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 14th were paid a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 9.76%. The ex-dividend date was Friday, March 14th.
Institutional Investors Weigh In On Nuveen Nasdaq 100 Dynamic Overwrite Fund
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in QQQX. Wells Fargo & Company MN increased its position in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 1.8% in the fourth quarter. Wells Fargo & Company MN now owns 1,079,535 shares of the company's stock valued at $29,201,000 after acquiring an additional 18,714 shares during the period. Invesco Ltd. grew its stake in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 12.0% in the fourth quarter. Invesco Ltd. now owns 860,866 shares of the company's stock worth $23,286,000 after purchasing an additional 92,180 shares during the last quarter. Royal Bank of Canada increased its holdings in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 2.5% during the 4th quarter. Royal Bank of Canada now owns 718,095 shares of the company's stock valued at $19,424,000 after purchasing an additional 17,249 shares during the period. 1607 Capital Partners LLC raised its position in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 36.4% during the 4th quarter. 1607 Capital Partners LLC now owns 644,987 shares of the company's stock valued at $17,447,000 after purchasing an additional 172,132 shares during the last quarter. Finally, LPL Financial LLC raised its position in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 0.5% during the 4th quarter. LPL Financial LLC now owns 505,872 shares of the company's stock valued at $13,684,000 after purchasing an additional 2,668 shares during the last quarter. 23.62% of the stock is currently owned by institutional investors.
Nuveen Nasdaq 100 Dynamic Overwrite Fund Company Profile
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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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