Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) Reaches New 1-Year Low – What’s Next?

Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) hit a new 52-week low on Monday . The stock traded as low as $21.71 and last traded at $23.24, with a volume of 134719 shares changing hands. The stock had previously closed at $23.71.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Trading Down 1.0 %

The company has a fifty day moving average price of $26.02 and a 200 day moving average price of $26.00.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a $0.56 dividend. The ex-dividend date is Friday, March 14th. This represents a $2.24 annualized dividend and a dividend yield of 9.54%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Absolute Investment Advisers LLC purchased a new stake in Nuveen Nasdaq 100 Dynamic Overwrite Fund in the 4th quarter valued at about $1,251,000. Kingswood Wealth Advisors LLC lifted its holdings in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 109.8% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 29,984 shares of the company’s stock worth $811,000 after acquiring an additional 15,689 shares during the period. Griffin Asset Management Inc. purchased a new position in Nuveen Nasdaq 100 Dynamic Overwrite Fund in the fourth quarter worth $205,000. Next Level Private LLC bought a new position in Nuveen Nasdaq 100 Dynamic Overwrite Fund in the 4th quarter valued at $215,000. Finally, Dakota Wealth Management increased its position in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 5.3% during the 4th quarter. Dakota Wealth Management now owns 35,950 shares of the company’s stock valued at $972,000 after purchasing an additional 1,795 shares during the last quarter. 23.62% of the stock is owned by institutional investors.

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.