Nuveen NASDAQ 100 Dynamic Overwrite Fund (NASDAQ:QQQX) Trading Up 0.3% - Here's Why

Key Points

• The Nuveen NASDAQ 100 Dynamic Overwrite Fund (NASDAQ: QQQX) saw a stock price increase of 0.3%, closing at $27.75 with a trading volume significantly higher than its average.
• The fund recently declared a quarterly dividend of $0.56, reflecting an annualized yield of 8.1%, paid to investors of record on October 1st.
• Institutional investors own 23.62% of the fund's stock, with notable increases in holdings from several firms, indicating strong institutional interest.

Nuveen NASDAQ 100 Dynamic Overwrite Fund (NASDAQ:QQQX - )'s stock price was up 0.3% during trading on Wednesday . The company traded as high as $27.88 and last traded at $27.75. Approximately 333,331 shares changed hands during mid-day trading, an increase of 224% from the average daily volume of 103,029 shares. The stock had previously closed at $27.66.

Nuveen NASDAQ 100 Dynamic Overwrite Fund Stock Up 0.3%

The business's fifty day moving average is $27.09 and its 200 day moving average is $25.59.

Nuveen NASDAQ 100 Dynamic Overwrite Fund Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Monday, September 15th were issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date of this dividend was Monday, September 15th.

Institutional Investors Weigh In On Nuveen NASDAQ 100 Dynamic Overwrite Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Cetera Investment Advisers raised its holdings in Nuveen NASDAQ 100 Dynamic Overwrite Fund by 1.4% during the 1st quarter. Cetera Investment Advisers now owns 34,036 shares of the company's stock valued at $808,000 after acquiring an additional 474 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in Nuveen NASDAQ 100 Dynamic Overwrite Fund by 20.5% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 3,015 shares of the company's stock valued at $72,000 after acquiring an additional 512 shares during the period. Huntleigh Advisors Inc. raised its holdings in Nuveen NASDAQ 100 Dynamic Overwrite Fund by 3.3% during the 2nd quarter. Huntleigh Advisors Inc. now owns 21,869 shares of the company's stock valued at $579,000 after acquiring an additional 690 shares during the period. Harbour Investments Inc. raised its holdings in Nuveen NASDAQ 100 Dynamic Overwrite Fund by 68.5% during the 2nd quarter. Harbour Investments Inc. now owns 1,820 shares of the company's stock valued at $48,000 after acquiring an additional 740 shares during the period. Finally, Arete Wealth Advisors LLC raised its holdings in Nuveen NASDAQ 100 Dynamic Overwrite Fund by 0.8% during the 1st quarter. Arete Wealth Advisors LLC now owns 121,892 shares of the company's stock valued at $2,895,000 after acquiring an additional 913 shares during the period. Institutional investors own 23.62% of the company's stock.

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.

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