Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX - Get Free Report) declared a quarterly dividend on Monday, June 2nd, Wall Street Journal reports. Investors of record on Friday, June 13th will be paid a dividend of 0.56 per share on Tuesday, July 1st. This represents a $2.24 annualized dividend and a yield of 8.87%. The ex-dividend date of this dividend is Friday, June 13th.
Nuveen Nasdaq 100 Dynamic Overwrite Fund Stock Performance
QQQX traded down $0.16 during trading hours on Thursday, hitting $25.24. 82,518 shares of the company's stock were exchanged, compared to its average volume of 125,383. Nuveen Nasdaq 100 Dynamic Overwrite Fund has a 1-year low of $20.34 and a 1-year high of $27.95. The stock's 50-day moving average is $23.82 and its two-hundred day moving average is $25.48.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Nuveen Nasdaq 100 Dynamic Overwrite Fund stock. NewEdge Advisors LLC raised its position in Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX - Free Report) by 4.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 39,013 shares of the company's stock after acquiring an additional 1,582 shares during the quarter. NewEdge Advisors LLC owned approximately 0.08% of Nuveen Nasdaq 100 Dynamic Overwrite Fund worth $927,000 at the end of the most recent reporting period. Institutional investors and hedge funds 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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