Shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX - Get Free Report) shot up 0.3% during mid-day trading on Thursday . The stock traded as high as $24.50 and last traded at $24.30. 116,609 shares changed hands during trading, a decline of 5% from the average session volume of 122,968 shares. The stock had previously closed at $24.22.
Nuveen Nasdaq 100 Dynamic Overwrite Fund Price Performance
The stock has a 50-day simple moving average of $23.59 and a 200-day simple moving average of $25.57.
Nuveen Nasdaq 100 Dynamic Overwrite Fund Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th were issued a $0.56 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 9.23%.
Hedge Funds Weigh In On Nuveen Nasdaq 100 Dynamic Overwrite Fund
Several large investors have recently added to or reduced their stakes in QQQX. Harbour Investments Inc. increased 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 purchasing an additional 980 shares during the period. CoreFirst Bank & Trust acquired a new stake in Nuveen Nasdaq 100 Dynamic Overwrite Fund in the 4th quarter valued at approximately $36,000. Eastern Bank bought a new stake in Nuveen Nasdaq 100 Dynamic Overwrite Fund during the 1st quarter valued at $54,000. FNY Investment Advisers LLC acquired a new stake in Nuveen Nasdaq 100 Dynamic Overwrite Fund in the first quarter worth about $90,000. Finally, Griffin Asset Management Inc. bought a new position in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund in the fourth quarter valued at approximately $205,000. 23.62% of the stock is currently owned by institutional investors.
About Nuveen Nasdaq 100 Dynamic Overwrite Fund
(
Get Free Report)
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.
Read More
Before you consider Nuveen Nasdaq 100 Dynamic Overwrite Fund, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Nuveen Nasdaq 100 Dynamic Overwrite Fund wasn't on the list.
While Nuveen Nasdaq 100 Dynamic Overwrite Fund currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
