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

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 traded. The stock had previously closed at $21.32.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Stock Down 1.1 %

The firm’s 50 day moving average price is $25.58 and its two-hundred day moving average price is $25.95.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Announces Dividend

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

Institutional Inflows and Outflows

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