Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) Reaches New 52-Week High at $25.29

Shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) reached a new 52-week high on Tuesday . The stock traded as high as $25.29 and last traded at $25.26, with a volume of 79756 shares changing hands. The stock had previously closed at $25.05.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Stock Up 0.9 %

The firm has a 50 day moving average price of $24.12 and a two-hundred day moving average price of $23.65.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Friday, June 14th were paid a $0.42 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $1.68 annualized dividend and a dividend yield of 6.58%.

Institutional Investors Weigh In On Nuveen Nasdaq 100 Dynamic Overwrite Fund

Several large investors have recently modified their holdings of the stock. Cetera Advisors LLC bought a new stake in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund in the 1st quarter valued at approximately $330,000. B. Riley Wealth Advisors Inc. grew its position in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 8.3% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 20,726 shares of the company’s stock worth $474,000 after acquiring an additional 1,596 shares during the last quarter. Karpus Management Inc. grew its position in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 139.5% during the 1st quarter. Karpus Management Inc. now owns 558,603 shares of the company’s stock worth $13,485,000 after acquiring an additional 325,323 shares during the last quarter. Cornerstone Advisors LLC grew its position in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 50.6% during the 1st quarter. Cornerstone Advisors LLC now owns 1,144,884 shares of the company’s stock worth $27,638,000 after acquiring an additional 384,743 shares during the last quarter. Finally, Avantax Advisory Services Inc. bought a new stake in Nuveen Nasdaq 100 Dynamic Overwrite Fund during the 1st quarter worth approximately $232,000. 23.62% of the stock is currently owned by institutional investors.

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.