Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) Reaches New 1-Year Low – What’s Next?

Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as $21.71 and last traded at $23.24, with a volume of 134719 shares. The stock had previously closed at $23.71.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Trading Up 0.5 %

The firm has a fifty day moving average price of $25.88 and a 200 day moving average price of $25.99.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th were paid a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 9.39%. The ex-dividend date of this dividend was Friday, March 14th.

Institutional Trading of Nuveen Nasdaq 100 Dynamic Overwrite Fund

Several hedge funds have recently made changes to their positions in QQQX. Stifel Financial Corp lifted its holdings in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 3.9% in the fourth quarter. Stifel Financial Corp now owns 15,115 shares of the company’s stock valued at $409,000 after acquiring an additional 566 shares during the last quarter. CoreFirst Bank & Trust acquired a new stake in Nuveen Nasdaq 100 Dynamic Overwrite Fund during the fourth quarter worth $36,000. Avantax Advisory Services Inc. raised its position in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 18.3% in the fourth quarter. Avantax Advisory Services Inc. now owns 9,793 shares of the company’s stock valued at $265,000 after purchasing an additional 1,518 shares during the period. Axxcess Wealth Management LLC lifted its stake in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 3.3% in the 4th quarter. Axxcess Wealth Management LLC now owns 55,458 shares of the company’s stock valued at $1,500,000 after purchasing an additional 1,794 shares during the last quarter. Finally, Dakota Wealth Management grew its holdings in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 5.3% during the 4th quarter. Dakota Wealth Management now owns 35,950 shares of the company’s stock worth $972,000 after purchasing an additional 1,795 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.