Shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX - Get Free Report) fell 0.3% on Friday . The company traded as low as $25.01 and last traded at $25.10. 145,588 shares changed hands during mid-day trading, an increase of 16% from the average session volume of 125,439 shares. The stock had previously closed at $25.17.
Nuveen Nasdaq 100 Dynamic Overwrite Fund Price Performance
The firm has a 50-day simple moving average of $23.82 and a 200-day simple moving average of $25.48.
Nuveen Nasdaq 100 Dynamic Overwrite Fund Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 8.82%. The ex-dividend date is Friday, June 13th.
Institutional Trading of Nuveen Nasdaq 100 Dynamic Overwrite Fund
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Harbour Investments Inc. grew its stake in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 980.0% during the 1st 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 period. CoreFirst Bank & Trust purchased a new stake in Nuveen Nasdaq 100 Dynamic Overwrite Fund during the 4th quarter valued at $36,000. Eastern Bank purchased a new stake in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund in the first quarter valued at $54,000. Northwestern Mutual Wealth Management Co. lifted its holdings 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 worth $72,000 after acquiring an additional 512 shares during the last quarter. Finally, FNY Investment Advisers LLC bought a new stake in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund in the 1st quarter worth about $90,000. 23.62% of the stock is owned by hedge funds and other institutional investors.
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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