Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) Reaches New 12-Month High – What’s Next?

Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $27.59 and last traded at $27.59, with a volume of 225 shares traded. The stock had previously closed at $27.37.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Stock Performance

The stock has a 50-day simple moving average of $26.50 and a 200 day simple moving average of $25.39.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a dividend of $0.56 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $2.24 dividend on an annualized basis and a yield of 8.30%. This is a boost from Nuveen Nasdaq 100 Dynamic Overwrite Fund’s previous quarterly dividend of $0.42.

Institutional Trading of Nuveen Nasdaq 100 Dynamic Overwrite Fund

A number of hedge funds have recently modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Nuveen Nasdaq 100 Dynamic Overwrite Fund during the third quarter valued at $114,000. Walleye Capital LLC raised its position in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 83.2% in the third quarter. Walleye Capital LLC now owns 14,696 shares of the company’s stock worth $369,000 after acquiring an additional 6,672 shares during the period. Advisors Asset Management Inc. acquired a new position in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund in the third quarter worth about $460,000. Sanctuary Advisors LLC acquired a new position in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund in the second quarter worth about $541,000. Finally, Wedbush Securities Inc. raised its position in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 11.4% in the second quarter. Wedbush Securities Inc. now owns 25,310 shares of the company’s stock worth $635,000 after acquiring an additional 2,591 shares during the period. Hedge funds and other institutional investors 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.