Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) Sees Large Volume Increase – Here’s What Happened

Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) saw unusually-strong trading volume on Wednesday . Approximately 549,726 shares traded hands during mid-day trading, an increase of 274% from the previous session’s volume of 146,853 shares.The stock last traded at $25.36 and had previously closed at $25.12.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Price Performance

The stock’s fifty day simple moving average is $26.88 and its 200-day simple moving average is $26.00.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 8.91%. The ex-dividend date of this dividend is Friday, March 14th.

Institutional Trading of Nuveen Nasdaq 100 Dynamic Overwrite Fund

Institutional investors have recently bought and sold shares of the company. Royal Bank of Canada raised its stake in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 2.5% during the 4th quarter. Royal Bank of Canada now owns 718,095 shares of the company’s stock worth $19,424,000 after buying an additional 17,249 shares during the last quarter. Quantedge Capital Pte Ltd increased its holdings in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 30.8% during the 4th quarter. Quantedge Capital Pte Ltd now owns 15,300 shares of the company’s stock valued at $414,000 after acquiring an additional 3,600 shares in the last quarter. Bank of America Corp DE raised its position in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 2.6% during the fourth quarter. Bank of America Corp DE now owns 422,296 shares of the company’s stock worth $11,423,000 after acquiring an additional 10,690 shares during the last quarter. Alteri Wealth LLC purchased a new stake in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund in the fourth quarter valued at about $556,000. Finally, AQR Arbitrage LLC lifted its holdings in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 18.4% in the fourth quarter. AQR Arbitrage LLC now owns 214,012 shares of the company’s stock valued at $5,789,000 after purchasing an additional 33,317 shares in the last quarter. 23.62% of the stock is currently owned by hedge funds and other institutional investors.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Company Profile

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.