Shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 57,269 shares were traded during trading, a decline of 54% from the previous session's volume of 123,879 shares.The stock last traded at $24.28 and had previously closed at $24.14.
Nuveen Nasdaq 100 Dynamic Overwrite Fund Stock Performance
The company's 50 day simple moving average is $23.66 and its 200-day simple moving average is $22.87.
Nuveen Nasdaq 100 Dynamic Overwrite Fund Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Friday, March 15th will be given a dividend of $0.42 per share. The ex-dividend date is Thursday, March 14th. This represents a $1.68 dividend on an annualized basis and a yield of 6.97%.
Institutional Investors Weigh In On Nuveen Nasdaq 100 Dynamic Overwrite Fund
A number of large investors have recently added to or reduced their stakes in the stock. Private Trust Co. NA lifted its holdings in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 50.0% during the 3rd 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 period. Money Concepts Capital Corp bought a new position in Nuveen Nasdaq 100 Dynamic Overwrite Fund in the fourth quarter valued at about $37,000. Sunbelt Securities Inc. purchased a new position in Nuveen Nasdaq 100 Dynamic Overwrite Fund in the first quarter worth about $54,000. Qube Research & Technologies Ltd purchased a new position in Nuveen Nasdaq 100 Dynamic Overwrite Fund in the third quarter worth about $124,000. Finally, Rockefeller Capital Management L.P. bought a new stake in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund during the 2nd quarter valued at about $154,000. Institutional investors own 23.62% of the company's stock.
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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