Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) Reaches New 12-Month High – What’s Next?

Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) reached a new 52-week high on Tuesday . The stock traded as high as $27.59 and last traded at $27.59, with a volume of 225 shares changing hands. The stock had previously closed at $27.37.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Price Performance

The firm has a 50-day moving average price of $26.50 and a two-hundred day moving average price of $25.39.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a dividend of $0.56 per share. This is a positive change from Nuveen Nasdaq 100 Dynamic Overwrite Fund’s previous quarterly dividend of $0.42. The ex-dividend date was Friday, December 13th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 8.30%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in QQQX. International Assets Investment Management LLC increased 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. Shaker Financial Services LLC increased its stake in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 21.4% in the 3rd quarter. Shaker Financial Services LLC now owns 284,148 shares of the company’s stock worth $7,241,000 after acquiring an additional 49,996 shares during the last quarter. HighTower Advisors LLC raised its holdings in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 7.7% during the 3rd quarter. HighTower Advisors LLC now owns 268,019 shares of the company’s stock worth $6,722,000 after acquiring an additional 19,185 shares during the period. Wolverine Asset Management LLC boosted its position in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 18.9% during the 3rd quarter. Wolverine Asset Management LLC now owns 235,640 shares of the company’s stock valued at $5,919,000 after acquiring an additional 37,507 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new stake in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund in the third quarter valued at about $4,669,000. 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.