Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) Hits New 12-Month High – Here’s What Happened

Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $27.53 and last traded at $27.34, with a volume of 87976 shares traded. The stock had previously closed at $26.86.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Price Performance

The business has a 50-day moving average price of $26.06 and a 200-day moving average price of $25.18.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a $0.56 dividend. The ex-dividend date of this dividend is Friday, December 13th. This is an increase from Nuveen Nasdaq 100 Dynamic Overwrite Fund’s previous quarterly dividend of $0.42. This represents a $2.24 dividend on an annualized basis and a dividend yield of 8.19%.

Hedge Funds Weigh In On Nuveen Nasdaq 100 Dynamic Overwrite Fund

Institutional investors and hedge funds have recently bought and sold shares of the company. International Assets Investment Management LLC raised its holdings in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 2,422.3% in the 3rd quarter. International Assets Investment Management LLC now owns 371,034 shares of the company’s stock valued at $9,320,000 after buying an additional 356,324 shares during the period. Allspring Global Investments Holdings LLC purchased a new stake in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund in the 3rd quarter valued at approximately $4,669,000. Logan Stone Capital LLC raised its stake in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 501.2% in the 2nd quarter. Logan Stone Capital LLC now owns 132,935 shares of the company’s stock valued at $3,334,000 after acquiring an additional 110,822 shares during the period. Shaker Financial Services LLC lifted its holdings in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 21.4% in the 3rd quarter. Shaker Financial Services LLC now owns 284,148 shares of the company’s stock worth $7,241,000 after acquiring an additional 49,996 shares during the last quarter. Finally, Wolverine Asset Management LLC boosted its position in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 18.9% during the 3rd quarter. Wolverine Asset Management LLC now owns 235,640 shares of the company’s stock worth $5,919,000 after purchasing an additional 37,507 shares during the period. 23.62% of the stock is currently owned by institutional investors and hedge funds.

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.