Nuveen NASDAQ 100 Dynamic Overwrite Fund (NASDAQ:QQQX) Shares Up 1.7% – Still a Buy?

Shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund (NASDAQ:QQQXGet Free Report) traded up 1.7% on Monday . The company traded as high as $28.00 and last traded at $27.99. 74,210 shares changed hands during mid-day trading, a decline of 4% from the average session volume of 77,045 shares. The stock had previously closed at $27.53.

Nuveen NASDAQ 100 Dynamic Overwrite Fund Price Performance

The business has a 50 day simple moving average of $27.57 and a two-hundred day simple moving average of $26.43.

Nuveen NASDAQ 100 Dynamic Overwrite Fund Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Monday, September 15th were paid a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 8.0%. The ex-dividend date of this dividend was Monday, September 15th.

Hedge Funds Weigh In On Nuveen NASDAQ 100 Dynamic Overwrite Fund

A number of hedge funds have recently added to or reduced their stakes in the stock. Clearstead Trust LLC bought a new position in Nuveen NASDAQ 100 Dynamic Overwrite Fund in the third quarter worth approximately $27,000. Harbour Investments Inc. lifted its holdings in shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund by 980.0% in the 1st quarter. Harbour Investments Inc. now owns 1,080 shares of the company’s stock worth $26,000 after buying an additional 980 shares during the period. Mather Group LLC. purchased a new stake in shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund in the 3rd quarter worth $35,000. Westfuller Advisors LLC purchased a new position in shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund during the third quarter valued at $45,000. Finally, Bell Investment Advisors Inc bought a new stake in shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund in the second quarter valued at about $59,000. 23.62% of the stock is currently owned by institutional investors.

About Nuveen NASDAQ 100 Dynamic Overwrite Fund

(Get Free Report)

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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