Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) Reaches New 1-Year High – Time to Buy?

Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) hit a new 52-week high on Tuesday . The company traded as high as $27.57 and last traded at $27.54, with a volume of 94424 shares. The stock had previously closed at $27.32.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Stock Up 0.5 %

The firm has a fifty day simple moving average of $26.70 and a two-hundred day simple moving average of $25.50.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a $0.56 dividend. This is a positive change from Nuveen Nasdaq 100 Dynamic Overwrite Fund’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Friday, December 13th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 8.15%.

Hedge Funds Weigh In On Nuveen Nasdaq 100 Dynamic Overwrite Fund

Large investors have recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Nuveen Nasdaq 100 Dynamic Overwrite Fund in the third quarter valued at approximately $114,000. Hennion & Walsh Asset Management Inc. bought a new stake in Nuveen Nasdaq 100 Dynamic Overwrite Fund during the 4th quarter valued at $211,000. Walleye Capital LLC boosted its position in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 83.2% during the 3rd quarter. Walleye Capital LLC now owns 14,696 shares of the company’s stock valued at $369,000 after buying an additional 6,672 shares during the period. Advisors Asset Management Inc. bought a new stake in Nuveen Nasdaq 100 Dynamic Overwrite Fund in the 3rd quarter worth $460,000. Finally, Sanctuary Advisors LLC purchased a new position in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund in the second quarter valued at about $541,000. 23.62% of the stock is owned by hedge funds and other institutional investors.

About Nuveen Nasdaq 100 Dynamic Overwrite Fund

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.