Nuveen NASDAQ 100 Dynamic Overwrite Fund (NASDAQ:QQQX - Get Free Report)'s stock price shot up 0.4% on Monday . The company traded as high as $25.46 and last traded at $25.35. 170,554 shares changed hands during trading, an increase of 31% from the average session volume of 130,498 shares. The stock had previously closed at $25.24.
Nuveen NASDAQ 100 Dynamic Overwrite Fund Stock Up 0.3%
The firm's 50 day moving average is $24.77 and its 200 day moving average is $25.41.
Nuveen NASDAQ 100 Dynamic Overwrite Fund Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be issued a dividend of $0.56 per share. The ex-dividend date is Friday, June 13th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 8.59%.
Hedge Funds Weigh In On Nuveen NASDAQ 100 Dynamic Overwrite Fund
Several hedge funds have recently made changes to their positions in QQQX. Cetera Investment Advisers lifted its position in shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund by 1.4% in the 1st quarter. Cetera Investment Advisers now owns 34,036 shares of the company's stock worth $808,000 after purchasing an additional 474 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in shares of 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 worth $72,000 after acquiring an additional 512 shares during the period. Stifel Financial Corp raised its position in shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund by 3.9% in the 4th quarter. Stifel Financial Corp now owns 15,115 shares of the company's stock worth $409,000 after acquiring an additional 566 shares in the last quarter. Arete Wealth Advisors LLC boosted its position in shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund by 0.8% during the first quarter. Arete Wealth Advisors LLC now owns 121,892 shares of the company's stock valued at $2,895,000 after purchasing an additional 913 shares in the last quarter. Finally, Harbour Investments Inc. grew its stake in 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 worth $26,000 after purchasing an additional 980 shares during the period. 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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