Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) Stock Price Down 0.3% - Time to Sell?

Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX - Get Free Report) was down 0.3% on Friday . The company traded as low as $25.01 and last traded at $25.10. Approximately 145,588 shares traded hands during trading, an increase of 16% from the average daily volume of 125,439 shares. The stock had previously closed at $25.17.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Stock Down 0.3%

The firm has a 50 day moving average price of $23.74 and a two-hundred day moving average price of $25.49.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 14th were issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 8.92%. The ex-dividend date was Friday, March 14th.

Institutional Trading of Nuveen Nasdaq 100 Dynamic Overwrite Fund

Large investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in Nuveen Nasdaq 100 Dynamic Overwrite Fund during the 4th quarter worth approximately $10,319,000. Axxcess Wealth Management LLC boosted its stake in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 3.3% in the fourth quarter. Axxcess Wealth Management LLC now owns 55,458 shares of the company's stock worth $1,500,000 after purchasing an additional 1,794 shares in the last quarter. HighTower Advisors LLC grew its holdings in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 7.2% during the fourth quarter. HighTower Advisors LLC now owns 287,426 shares of the company's stock worth $7,775,000 after purchasing an additional 19,407 shares during the last quarter. GWN Securities Inc. acquired a new stake in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund in the fourth quarter valued at $279,000. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 6.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 49,235 shares of the company's stock valued at $1,332,000 after buying an additional 3,040 shares during the last quarter. 23.62% of the stock is owned by institutional investors.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Company Profile

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.