Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) Reaches New 52-Week High – Here’s What Happened

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

Nuveen Nasdaq 100 Dynamic Overwrite Fund Stock Up 0.1 %

The firm has a 50 day simple moving average of $26.78 and a two-hundred day simple moving average of $25.55.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 8.07%. The ex-dividend date of this dividend was Friday, December 13th. This is an increase from Nuveen Nasdaq 100 Dynamic Overwrite Fund’s previous quarterly dividend of $0.42.

Hedge Funds Weigh In On Nuveen Nasdaq 100 Dynamic Overwrite Fund

Several institutional investors and hedge funds have recently modified their holdings of QQQX. International Assets Investment Management LLC raised its holdings in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 2,422.3% in the third quarter. International Assets Investment Management LLC now owns 371,034 shares of the company’s stock valued at $9,320,000 after purchasing an additional 356,324 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund during the 3rd quarter worth about $4,669,000. Logan Stone Capital LLC grew its holdings in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 501.2% in the 2nd quarter. Logan Stone Capital LLC now owns 132,935 shares of the company’s stock valued at $3,334,000 after acquiring an additional 110,822 shares in the last quarter. Shaker Financial Services LLC increased its position in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 21.4% in the third quarter. Shaker Financial Services LLC now owns 284,148 shares of the company’s stock valued at $7,241,000 after acquiring an additional 49,996 shares during the last quarter. Finally, Wolverine Asset Management LLC raised its holdings in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 18.9% during the third quarter. Wolverine Asset Management LLC now owns 235,640 shares of the company’s stock worth $5,919,000 after acquiring an additional 37,507 shares in the last quarter. 23.62% of the stock is currently owned by institutional investors and hedge funds.

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.