Nuveen NASDAQ 100 Dynamic Overwrite Fund (NASDAQ:QQQX) Plans Quarterly Dividend of $0.74

Nuveen NASDAQ 100 Dynamic Overwrite Fund (NASDAQ:QQQX) announced a quarterly dividend on Tuesday, September 1st. Shareholders of record on Tuesday, September 15th will be paid a dividend of 0.738 per share on Thursday, October 1st. This represents a c) annualized dividend and a yield of 9.6%. The ex-dividend date of this dividend is Tuesday, September 15th.

Nuveen NASDAQ 100 Dynamic Overwrite Fund Stock Up 0.5%

Shares of QQQX traded up $0.14 during midday trading on Wednesday, reaching $30.75. The company had a trading volume of 11,529 shares, compared to its average volume of 116,544. Nuveen NASDAQ 100 Dynamic Overwrite Fund has a 1-year low of $25.35 and a 1-year high of $31.87. The firm has a 50 day simple moving average of $30.13 and a 200-day simple moving average of $29.40.

Institutional Investors Weigh In On Nuveen NASDAQ 100 Dynamic Overwrite Fund

Several hedge funds and other institutional investors have recently bought and sold shares of QQQX. Advisory Services Network LLC purchased a new position in Nuveen NASDAQ 100 Dynamic Overwrite Fund during the third quarter worth about $28,000. First Bancorp Inc ME purchased a new stake in shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund in the 2nd quarter valued at approximately $31,000. Geneos Wealth Management Inc. increased its holdings in shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund by 223.2% during the 2nd quarter. Geneos Wealth Management Inc. now owns 2,521 shares of the company’s stock worth $67,000 after buying an additional 1,741 shares during the last quarter. Ascentis Independent Advisors acquired a new stake in shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund during the 1st quarter worth approximately $72,000. Finally, Axiom Investment Management LLC acquired a new stake in shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund during the 1st quarter worth approximately $78,000. 23.60% of the stock is currently owned by institutional investors and hedge funds.

About Nuveen NASDAQ 100 Dynamic Overwrite Fund

The Nuveen NASDAQ 100 Dynamic Overwrite Fund (NASDAQ: QQQX) is a closed-end management investment company that seeks to provide investors with a high level of current income while maintaining prospects for capital appreciation. The fund primarily invests in the equity securities included in the NASDAQ-100 Index, giving investors exposure to leading U.S. companies in the technology, consumer services, healthcare and industrial sectors. As a publicly traded fund, QQQX offers daily liquidity through its listing on the Nasdaq Stock Market.

In pursuit of its income objective, QQQX employs a dynamic covered call strategy, writing call options on its NASDAQ-100 holdings to generate option premium.