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

Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $25.87 and last traded at $25.87, with a volume of 24276 shares trading hands. The stock had previously closed at $25.61.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Trading Up 1.6 %

The business has a fifty day simple moving average of $24.94 and a 200 day simple moving average of $24.52.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 6.46%.

Hedge Funds Weigh In On Nuveen Nasdaq 100 Dynamic Overwrite Fund

Several hedge funds have recently bought and sold shares of QQQX. Fairman Group LLC bought a new stake in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund in the 2nd quarter valued at about $51,000. Aspen Investment Management Inc acquired a new stake in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund in the second quarter valued at about $204,000. Dakota Wealth Management lifted its position in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 52.4% in the 2nd quarter. Dakota Wealth Management now owns 19,630 shares of the company’s stock worth $492,000 after purchasing an additional 6,750 shares during the period. Cetera Advisors LLC acquired a new stake in Nuveen Nasdaq 100 Dynamic Overwrite Fund during the 1st quarter worth about $330,000. Finally, Kingswood Wealth Advisors LLC increased its stake in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 22.9% in the 2nd quarter. Kingswood Wealth Advisors LLC now owns 17,955 shares of the company’s stock valued at $450,000 after acquiring an additional 3,346 shares in the last quarter. 23.62% of the stock is 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.