Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) Reaches New 12-Month High – What’s Next?

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

Nuveen Nasdaq 100 Dynamic Overwrite Fund Stock Performance

The business has a 50-day moving average of $26.15 and a two-hundred day moving average of $25.22.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Increases Dividend

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. International Assets Investment Management LLC increased 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 bought a new stake in Nuveen Nasdaq 100 Dynamic Overwrite Fund in the third quarter valued at about $4,669,000. MONECO Advisors LLC raised its position in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 4.3% in the third quarter. MONECO Advisors LLC now owns 69,136 shares of the company’s stock worth $1,737,000 after purchasing an additional 2,821 shares in the last quarter. Dakota Wealth Management lifted its stake in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 74.0% during the third quarter. Dakota Wealth Management now owns 34,155 shares of the company’s stock worth $858,000 after purchasing an additional 14,525 shares during the period. Finally, Sanctuary Advisors LLC acquired a new stake in Nuveen Nasdaq 100 Dynamic Overwrite Fund during the second quarter valued at approximately $541,000. 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.