Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) Reaches New 12-Month High – Should You Buy?

Shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) hit a new 52-week high during trading on Tuesday . The stock traded as high as $27.57 and last traded at $27.54, with a volume of 94424 shares. The stock had previously closed at $27.32.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Stock Up 0.1 %

The stock’s 50 day moving average is $26.78 and its 200 day moving average is $25.55.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 8.07%. 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.

Institutional Investors Weigh In On Nuveen Nasdaq 100 Dynamic Overwrite Fund

Institutional investors have recently modified their holdings of the business. Great Valley Advisor Group Inc. grew its holdings in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 4.2% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 33,745 shares of the company’s stock worth $847,000 after purchasing an additional 1,361 shares in the last quarter. Dakota Wealth Management grew its stake in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 5.3% during the fourth quarter. Dakota Wealth Management now owns 35,950 shares of the company’s stock worth $972,000 after buying an additional 1,795 shares in the last quarter. Sanctuary Advisors LLC grew its stake in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 8.6% during the third quarter. Sanctuary Advisors LLC now owns 25,536 shares of the company’s stock worth $661,000 after buying an additional 2,020 shares in the last quarter. MONECO Advisors LLC increased its holdings in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 4.3% in the 3rd quarter. MONECO Advisors LLC now owns 69,136 shares of the company’s stock valued at $1,737,000 after buying an additional 2,821 shares during the period. Finally, Arete Wealth Advisors LLC raised its position in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 3.5% in the 3rd quarter. Arete Wealth Advisors LLC now owns 121,198 shares of the company’s stock valued at $3,031,000 after buying an additional 4,121 shares in the last quarter. Institutional investors 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.