Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) Stock Price Up 0.7%

Shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) traded up 0.7% on Monday . The stock traded as high as $22.64 and last traded at $22.59. 133,454 shares were traded during mid-day trading, an increase of 10% from the average session volume of 121,145 shares. The stock had previously closed at $22.43.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Price Performance

The business’s 50 day moving average is $23.68 and its two-hundred day moving average is $23.01.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 7.44%. The ex-dividend date of this dividend was Thursday, March 14th.

Hedge Funds Weigh In On Nuveen Nasdaq 100 Dynamic Overwrite Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Mather Group LLC. purchased a new position in Nuveen Nasdaq 100 Dynamic Overwrite Fund in the 1st quarter worth $29,000. Private Trust Co. NA grew its stake in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 50.0% during the third quarter. Private Trust Co. NA now owns 1,500 shares of the company’s stock valued at $34,000 after buying an additional 500 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 153.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 6,975 shares of the company’s stock valued at $161,000 after buying an additional 4,225 shares during the last quarter. Register Financial Advisors LLC purchased a new position in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund in the first quarter worth about $204,000. Finally, Cornerstone Wealth Group LLC bought a new stake in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund in the 1st quarter valued at about $204,000. 23.62% of the stock is currently owned by hedge funds and other institutional investors.

About Nuveen Nasdaq 100 Dynamic Overwrite Fund

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.