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

Shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund (NASDAQ:QQQX) reached a new 52-week high on Thursday . The stock traded as high as $28.62 and last traded at $28.55, with a volume of 69515 shares traded. The stock had previously closed at $28.49.

Nuveen NASDAQ 100 Dynamic Overwrite Fund Stock Down 1.1%

The stock has a fifty day moving average of $27.82 and a 200-day moving average of $26.96.

Nuveen NASDAQ 100 Dynamic Overwrite Fund Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be issued a $0.56 dividend. The ex-dividend date is Monday, December 15th. This represents a $2.24 annualized dividend and a dividend yield of 8.0%.

Institutional Investors Weigh In On Nuveen NASDAQ 100 Dynamic Overwrite Fund

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Clearstead Trust LLC purchased a new stake in Nuveen NASDAQ 100 Dynamic Overwrite Fund in the third quarter valued at $27,000. Advisory Services Network LLC acquired a new stake in shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund during the third quarter worth about $28,000. Mather Group LLC. purchased a new stake in shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund in the 3rd quarter valued at about $35,000. Westfuller Advisors LLC acquired a new stake in shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund in the 3rd quarter valued at about $45,000. Finally, Harbour Investments Inc. grew its stake in Nuveen NASDAQ 100 Dynamic Overwrite Fund by 68.5% during the 2nd quarter. Harbour Investments Inc. now owns 1,820 shares of the company’s stock worth $48,000 after buying an additional 740 shares during the last quarter. 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.