Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) Reaches New 1-Year Low at $21.00

Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQXGet Rating)’s stock price reached a new 52-week low during trading on Monday . The stock traded as low as $21.00 and last traded at $21.00, with a volume of 3501 shares changing hands. The stock had previously closed at $21.79.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Stock Performance

The firm has a 50 day simple moving average of $23.64 and a 200-day simple moving average of $24.43.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Thursday, September 15th will be paid a dividend of $0.493 per share. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $1.97 annualized dividend and a yield of 9.13%.

Institutional Investors Weigh In On Nuveen Nasdaq 100 Dynamic Overwrite Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Kestra Private Wealth Services LLC increased its stake in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 5.8% during the first quarter. Kestra Private Wealth Services LLC now owns 7,736 shares of the company’s stock worth $220,000 after acquiring an additional 426 shares during the last quarter. Stratos Wealth Partners LTD. boosted its position in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 7.9% during the first quarter. Stratos Wealth Partners LTD. now owns 8,170 shares of the company’s stock worth $232,000 after buying an additional 598 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 32.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,517 shares of the company’s stock worth $77,000 after buying an additional 861 shares during the period. Foundations Investment Advisors LLC boosted its position in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 13.0% during the first quarter. Foundations Investment Advisors LLC now owns 8,319 shares of the company’s stock worth $220,000 after buying an additional 960 shares during the period. Finally, Prospera Financial Services Inc boosted its position in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 133.3% during the second quarter. Prospera Financial Services Inc now owns 1,750 shares of the company’s stock worth $38,000 after buying an additional 1,000 shares during the period. Institutional investors and hedge funds own 21.05% of the company’s stock.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Company Profile

(Get Rating)

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.

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