Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX - Get Free Report)'s stock price was up 0.7% on Monday . The stock traded as high as $22.64 and last traded at $22.59. Approximately 133,454 shares changed hands during trading, an increase of 10% from the average daily volume of 121,145 shares. The stock had previously closed at $22.43.
Nuveen Nasdaq 100 Dynamic Overwrite Fund Stock Performance
The firm has a 50 day moving average of $23.66 and a two-hundred day moving average of $23.01.
Nuveen Nasdaq 100 Dynamic Overwrite Fund Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were given a $0.42 dividend. 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 7.33%.
Institutional Trading of Nuveen Nasdaq 100 Dynamic Overwrite Fund
A number of hedge funds have recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. lifted its position in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 6.8% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 258,632 shares of the company's stock worth $6,243,000 after acquiring an additional 16,467 shares during the period. PFG Investments LLC bought a new position in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund during the 1st quarter worth approximately $433,000. Cornerstone Wealth Group LLC bought a new position in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund during the 1st quarter worth approximately $204,000. Register Financial Advisors LLC bought a new position in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund during the 1st quarter worth approximately $204,000. Finally, International Assets Investment Management LLC lifted its position in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 8.5% during the 1st quarter. International Assets Investment Management LLC now owns 14,475 shares of the company's stock worth $349,000 after buying an additional 1,135 shares during the period. Institutional investors own 23.62% of the company's stock.
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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