Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX - Get Free Report) saw unusually-high trading volume on Friday . Approximately 192,762 shares traded hands during mid-day trading, an increase of 53% from the previous session's volume of 125,935 shares.The stock last traded at $25.87 and had previously closed at $25.13.
Nuveen Nasdaq 100 Dynamic Overwrite Fund Stock Up 0.2%
The stock's 50 day moving average price is $23.89 and its two-hundred day moving average price is $25.48.
Nuveen Nasdaq 100 Dynamic Overwrite Fund Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be paid a $0.56 dividend. The ex-dividend date is Friday, June 13th. This represents a $2.24 annualized dividend and a dividend yield of 8.61%.
Institutional Investors Weigh In On Nuveen Nasdaq 100 Dynamic Overwrite Fund
Several hedge funds have recently made changes to their positions in QQQX. Harbour Investments Inc. raised its stake in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 980.0% in the first quarter. Harbour Investments Inc. now owns 1,080 shares of the company's stock valued at $26,000 after acquiring an additional 980 shares during the last quarter. CoreFirst Bank & Trust acquired a new stake in Nuveen Nasdaq 100 Dynamic Overwrite Fund during the 4th quarter worth $36,000. Eastern Bank bought a new stake in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund in the 1st quarter valued at $54,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 20.5% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 3,015 shares of the company's stock valued at $72,000 after purchasing an additional 512 shares during the period. Finally, FNY Investment Advisers LLC acquired a new position in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund in the 1st quarter valued at approximately $90,000. 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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