Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) Sets New 12-Month Low – Time to Sell?

Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) reached a new 52-week low during trading on Monday . The company traded as low as $20.34 and last traded at $20.40, with a volume of 63707 shares trading hands. The stock had previously closed at $21.32.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Trading Down 1.1 %

The company has a fifty day moving average of $25.58 and a 200 day moving average of $25.95.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th were paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 10.63%. The ex-dividend date was Friday, March 14th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of QQQX. Walleye Capital LLC lifted its holdings in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 83.2% in the 3rd quarter. Walleye Capital LLC now owns 14,696 shares of the company’s stock valued at $369,000 after acquiring an additional 6,672 shares during the last quarter. HighTower Advisors LLC lifted its stake in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 7.7% during the third quarter. HighTower Advisors LLC now owns 268,019 shares of the company’s stock valued at $6,722,000 after purchasing an additional 19,185 shares during the last quarter. Arete Wealth Advisors LLC boosted its holdings in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 3.5% during the third quarter. Arete Wealth Advisors LLC now owns 121,198 shares of the company’s stock worth $3,031,000 after buying an additional 4,121 shares in the last quarter. Sanctuary Advisors LLC grew its position in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 8.6% in the third quarter. Sanctuary Advisors LLC now owns 25,536 shares of the company’s stock worth $661,000 after buying an additional 2,020 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 270.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 16,784 shares of the company’s stock valued at $454,000 after buying an additional 12,248 shares in the last quarter. Institutional investors own 23.62% of the company’s stock.

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.