Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) Trading 0.7% Higher

Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) shares shot up 0.7% during trading on Monday . The company traded as high as $22.64 and last traded at $22.59. 133,454 shares were traded during 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 Trading Up 0.7 %

The firm’s 50-day simple moving average is $23.68 and its 200 day simple 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. Investors of record on Friday, March 15th were paid a dividend of $0.42 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 7.44%.

Hedge Funds 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 the stock. Mather Group LLC. bought a new stake in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund in the 1st quarter valued at about $29,000. Private Trust Co. NA increased its stake in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 50.0% in the third quarter. Private Trust Co. NA now owns 1,500 shares of the company’s stock valued at $34,000 after purchasing an additional 500 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 153.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 6,975 shares of the company’s stock worth $161,000 after purchasing an additional 4,225 shares during the period. Register Financial Advisors LLC acquired a new stake in Nuveen Nasdaq 100 Dynamic Overwrite Fund in the first quarter worth $204,000. Finally, Cornerstone Wealth Group LLC acquired a new position in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund in the 1st quarter valued at $204,000. Institutional investors own 23.62% of the company’s stock.

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.