Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) Reaches New 52-Week High – Should You Buy?

Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) shares hit 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. The stock had previously closed at $26.86.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Trading Up 1.8 %

The stock’s fifty day simple moving average is $26.06 and its 200-day simple moving average is $25.18.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Increases Dividend

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

Institutional Trading of Nuveen Nasdaq 100 Dynamic Overwrite Fund

A number of large investors have recently made changes to their positions in the company. Financial Advocates Investment Management increased its position in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 11.9% in the 2nd quarter. Financial Advocates Investment Management now owns 13,345 shares of the company’s stock valued at $335,000 after purchasing an additional 1,416 shares during the last quarter. Fairman Group LLC purchased a new stake in Nuveen Nasdaq 100 Dynamic Overwrite Fund during the 2nd quarter worth about $51,000. Wolverine Asset Management LLC lifted its holdings in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 2.4% during the 2nd quarter. Wolverine Asset Management LLC now owns 198,133 shares of the company’s stock worth $4,969,000 after buying an additional 4,594 shares during the last quarter. Shaker Financial Services LLC increased its holdings in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 1.9% in the 2nd quarter. Shaker Financial Services LLC now owns 234,152 shares of the company’s stock valued at $5,958,000 after acquiring an additional 4,254 shares during the last quarter. Finally, Private Advisor Group LLC lifted its stake in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 39.9% during the second quarter. Private Advisor Group LLC now owns 25,856 shares of the company’s stock worth $648,000 after purchasing an additional 7,376 shares during the last quarter. 23.62% of the stock is currently owned by hedge funds and other 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.