Nuveen NASDAQ 100 Dynamic Overwrite Fund (NASDAQ:QQQX) Stock Price Up 0.3% – Here’s What Happened

Nuveen NASDAQ 100 Dynamic Overwrite Fund (NASDAQ:QQQX)’s stock price traded up 0.3% during mid-day trading on Friday . The stock traded as high as $30.69 and last traded at $30.45. 57,114 shares changed hands during trading, a decline of 33% from the average daily volume of 84,785 shares. The stock had previously closed at $30.37.

Nuveen NASDAQ 100 Dynamic Overwrite Fund Trading Up 0.3%

The company has a fifty day moving average of $30.03 and a 200-day moving average of $29.25.

Nuveen NASDAQ 100 Dynamic Overwrite Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th were paid a dividend of $0.738 per share. This is a boost from Nuveen NASDAQ 100 Dynamic Overwrite Fund’s previous quarterly dividend of $0.61. The ex-dividend date was Monday, June 15th. This represents a $2.95 annualized dividend and a yield of 9.7%.

Institutional Trading of Nuveen NASDAQ 100 Dynamic Overwrite Fund

Several institutional investors have recently made changes to their positions in QQQX. Advisory Services Network LLC purchased a new stake in shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund in the third quarter valued at about $28,000. First Bancorp Inc ME purchased a new position in Nuveen NASDAQ 100 Dynamic Overwrite Fund during the second quarter worth about $31,000. Geneos Wealth Management Inc. grew its position in Nuveen NASDAQ 100 Dynamic Overwrite Fund by 223.2% in the 2nd quarter. Geneos Wealth Management Inc. now owns 2,521 shares of the company’s stock worth $67,000 after purchasing an additional 1,741 shares in the last quarter. Ascentis Independent Advisors purchased a new stake in Nuveen NASDAQ 100 Dynamic Overwrite Fund in the 1st quarter valued at about $72,000. Finally, Axiom Investment Management LLC purchased a new stake in Nuveen NASDAQ 100 Dynamic Overwrite Fund in the 1st quarter valued at about $78,000. Institutional investors own 23.60% of the company’s stock.

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.