Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) Shares Up 1.2%

Posted by Defense World Staff on May 17th, 2023

Shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX – Get Rating) shot up 1.2% during mid-day trading on Tuesday . The stock traded as high as $24.26 and last traded at $24.26. 174,666 shares traded hands during mid-day trading, an increase of 59% from the average session volume of 110,126 shares. The stock had previously closed at $23.97.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Price Performance

The firm has a 50 day moving average of $23.46 and a 200-day moving average of $22.71.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 3rd. Shareholders of record on Wednesday, March 15th were given a dividend of $0.42 per share. The ex-dividend date was Tuesday, March 14th. This represents a $1.68 annualized dividend and a yield of 6.92%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in QQQX. HighTower Advisors LLC raised its position in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 4.2% during the first quarter. HighTower Advisors LLC now owns 29,844 shares of the company’s stock valued at $848,000 after purchasing an additional 1,200 shares in the last quarter. NewEdge Advisors LLC increased its holdings in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 15.8% during the first quarter. NewEdge Advisors LLC now owns 51,370 shares of the company’s stock worth $1,462,000 after buying an additional 7,027 shares in the last quarter. Equitable Holdings Inc. increased its holdings in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 14.9% during the first quarter. Equitable Holdings Inc. now owns 21,156 shares of the company’s stock worth $602,000 after buying an additional 2,750 shares in the last quarter. UBS Group AG increased its holdings in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 0.6% during the first quarter. UBS Group AG now owns 903,336 shares of the company’s stock worth $25,700,000 after buying an additional 5,164 shares in the last quarter. Finally, Atria Wealth Solutions Inc. acquired a new position in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund during the first quarter worth $480,000. 21.56% of the stock is currently owned by institutional investors and hedge funds.

About Nuveen Nasdaq 100 Dynamic Overwrite Fund

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Nuveen NASDAQ 100 Dynamic Overwrite Fund is a closed-end investment fund. Its investment objective is to seek attractive total return with less volatility than the Nasdaq 100 Index. The company was founded on January 30, 2007 and is headquartered in Chicago, IL.