Nuveen NASDAQ 100 Dynamic Overwrite Fund (NASDAQ:QQQX) Shares Up 0.2% - Here's What Happened

Key Points

• The Nuveen NASDAQ 100 Dynamic Overwrite Fund (QQQX) saw a 0.2% increase in share price during mid-day trading, closing at $27.07.
• The fund recently announced a quarterly dividend of $0.56, resulting in an annualized dividend of $2.24 and a dividend yield of 8.3%.
• Several institutional investors boosted their stakes in QQQX, with Allspring Global Investments increasing its holdings by 45.4% in the first quarter.

Nuveen NASDAQ 100 Dynamic Overwrite Fund (NASDAQ:QQQX - Get Free Report) shot up 0.2% during trading on Thursday . The stock traded as high as $27.09 and last traded at $27.07. 88,107 shares traded hands during trading, a decline of 5% from the average session volume of 93,087 shares. The stock had previously closed at $27.01.

Nuveen NASDAQ 100 Dynamic Overwrite Fund Price Performance

The firm has a 50-day simple moving average of $26.50 and a two-hundred day simple moving average of $25.24.

Nuveen NASDAQ 100 Dynamic Overwrite Fund Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th were given a $0.56 dividend. The ex-dividend date was Friday, June 13th. This represents a $2.24 annualized dividend and a dividend yield of 8.3%.

Hedge Funds Weigh In On Nuveen NASDAQ 100 Dynamic Overwrite Fund

Several large investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its position in Nuveen NASDAQ 100 Dynamic Overwrite Fund by 45.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 418,318 shares of the company's stock valued at $9,935,000 after buying an additional 130,637 shares during the last quarter. Cypress Capital Management LLC WY boosted its holdings in shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund by 150.4% during the second quarter. Cypress Capital Management LLC WY now owns 161,035 shares of the company's stock worth $4,353,000 after acquiring an additional 96,731 shares during the period. Guggenheim Capital LLC raised its position in Nuveen NASDAQ 100 Dynamic Overwrite Fund by 17.2% during the second quarter. Guggenheim Capital LLC now owns 412,622 shares of the company's stock valued at $10,922,000 after purchasing an additional 60,608 shares in the last quarter. NBC Securities Inc. increased its holdings in shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund by 204,148.1% during the first quarter. NBC Securities Inc. now owns 55,147 shares of the company's stock worth $1,309,000 after buying an additional 55,120 shares in the last quarter. Finally, Wolverine Asset Management LLC boosted its position in Nuveen NASDAQ 100 Dynamic Overwrite Fund by 48.4% during the first quarter. Wolverine Asset Management LLC now owns 130,332 shares of the company's stock valued at $3,095,000 after acquiring an additional 42,531 shares during the last quarter. Institutional investors and hedge funds own 23.62% of the company's stock.

About Nuveen NASDAQ 100 Dynamic Overwrite Fund

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.