Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX - Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 549,726 shares changed hands during mid-day trading, an increase of 274% from the previous session's volume of 146,853 shares.The stock last traded at $25.36 and had previously closed at $25.12.
Nuveen Nasdaq 100 Dynamic Overwrite Fund Stock Up 0.6 %
The business has a fifty day moving average price of $26.85 and a 200 day moving average price of $26.02.
Nuveen Nasdaq 100 Dynamic Overwrite Fund Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be issued a dividend of $0.56 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.24 annualized dividend and a dividend yield of 8.91%.
Institutional Investors Weigh In On Nuveen Nasdaq 100 Dynamic Overwrite Fund
Several hedge funds have recently modified their holdings of QQQX. Wolverine Asset Management LLC raised its holdings in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 18.9% during 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. PNC Financial Services Group Inc. raised its holdings in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 51.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 46,195 shares of the company's stock valued at $1,160,000 after buying an additional 15,666 shares during the period. Advisors Asset Management Inc. purchased a new stake in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund during the 3rd quarter valued at about $460,000. Great Valley Advisor Group Inc. raised its holdings in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 4.2% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 33,745 shares of the company's stock valued at $847,000 after buying an additional 1,361 shares during the period. Finally, Walleye Capital LLC grew its stake in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 83.2% during the 3rd quarter. Walleye Capital LLC now owns 14,696 shares of the company's stock valued at $369,000 after purchasing an additional 6,672 shares in the last quarter. 23.62% of the stock is currently owned by hedge funds and other institutional investors.
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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