Nuveen NASDAQ 100 Dynamic Overwrite Fund (NASDAQ:QQQX) Trading Up 0.2% – Time to Buy?

Shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund (NASDAQ:QQQX) rose 0.2% during trading on Thursday . The stock traded as high as $28.31 and last traded at $28.19. Approximately 86,331 shares were traded during trading, a decline of 32% from the average daily volume of 126,371 shares. The stock had previously closed at $28.12.

Nuveen NASDAQ 100 Dynamic Overwrite Fund Stock Performance

The company’s 50 day moving average is $28.09 and its 200-day moving average is $27.48.

Nuveen NASDAQ 100 Dynamic Overwrite Fund Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were issued a dividend of $0.56 per share. The ex-dividend date was Monday, December 15th. This represents a $2.24 annualized dividend and a dividend yield of 7.9%.

Institutional Trading of Nuveen NASDAQ 100 Dynamic Overwrite Fund

Hedge funds and other institutional investors have recently bought and sold shares of the business. Stratos Wealth Partners LTD. grew its holdings in shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund by 12.3% in the fourth quarter. Stratos Wealth Partners LTD. now owns 30,348 shares of the company’s stock valued at $866,000 after acquiring an additional 3,331 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its position in Nuveen NASDAQ 100 Dynamic Overwrite Fund by 527.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,881 shares of the company’s stock worth $54,000 after purchasing an additional 1,581 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in Nuveen NASDAQ 100 Dynamic Overwrite Fund by 2.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 557,308 shares of the company’s stock valued at $15,894,000 after purchasing an additional 15,911 shares during the period. Hennion & Walsh Asset Management Inc. increased its position in shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund by 104.5% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 15,670 shares of the company’s stock valued at $447,000 after purchasing an additional 8,009 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC purchased a new stake in shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund during the 4th quarter valued at $367,000. Institutional investors own 23.62% of the company’s stock.

Nuveen NASDAQ 100 Dynamic Overwrite Fund Company Profile

The Nuveen NASDAQ 100 Dynamic Overwrite Fund (NASDAQ: QQQX) is a closed-end management investment company that seeks to provide investors with a high level of current income while maintaining prospects for capital appreciation. The fund primarily invests in the equity securities included in the NASDAQ-100 Index, giving investors exposure to leading U.S. companies in the technology, consumer services, healthcare and industrial sectors. As a publicly traded fund, QQQX offers daily liquidity through its listing on the Nasdaq Stock Market.

In pursuit of its income objective, QQQX employs a dynamic covered call strategy, writing call options on its NASDAQ-100 holdings to generate option premium.