Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) Trading Up 0.7%

Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) shot up 0.7% during trading on Wednesday . The company traded as high as $24.60 and last traded at $24.60. 59,551 shares traded hands during mid-day trading, a decline of 46% from the average session volume of 111,070 shares. The stock had previously closed at $24.42.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Stock Up 1.4 %

The business’s fifty day moving average is $23.92 and its 200 day moving average is $23.60.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 6.70%.

Institutional Trading of Nuveen Nasdaq 100 Dynamic Overwrite Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Cetera Advisors LLC purchased a new position in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund in the first quarter worth approximately $330,000. B. Riley Wealth Advisors Inc. increased its position in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 8.3% in the first quarter. B. Riley Wealth Advisors Inc. now owns 20,726 shares of the company’s stock worth $474,000 after acquiring an additional 1,596 shares in the last quarter. Karpus Management Inc. increased its position in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 139.5% in the first quarter. Karpus Management Inc. now owns 558,603 shares of the company’s stock worth $13,485,000 after acquiring an additional 325,323 shares in the last quarter. Cornerstone Advisors LLC increased its position in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 50.6% in the first quarter. Cornerstone Advisors LLC now owns 1,144,884 shares of the company’s stock worth $27,638,000 after acquiring an additional 384,743 shares in the last quarter. Finally, Avantax Advisory Services Inc. purchased a new position in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund in the first quarter worth approximately $232,000. 23.62% of the stock is currently owned by institutional investors.

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.