Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) Stock Price Up 0.6% – Still a Buy?

Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX)’s stock price shot up 0.6% on Friday . The stock traded as high as $25.37 and last traded at $25.33. 51,091 shares were traded during trading, a decline of 53% from the average session volume of 108,536 shares. The stock had previously closed at $25.18.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Stock Performance

The company has a 50-day simple moving average of $24.75 and a two-hundred day simple moving average of $24.35.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 13th were issued a dividend of $0.42 per share. The ex-dividend date was Friday, September 13th. This represents a $1.68 dividend on an annualized basis and a yield of 6.63%.

Institutional Investors Weigh In On Nuveen Nasdaq 100 Dynamic Overwrite Fund

A number of institutional investors and hedge funds have recently modified their holdings of the company. International Assets Investment Management LLC raised its stake in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 8.5% in the 1st quarter. International Assets Investment Management LLC now owns 14,475 shares of the company’s stock valued at $349,000 after acquiring an additional 1,135 shares during the period. Mather Group LLC. bought a new position in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund in the first quarter valued at about $29,000. Lynx Investment Advisory acquired a new stake in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund during the 2nd quarter worth about $33,000. Financial Advocates Investment Management lifted its stake in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 11.9% during the 2nd quarter. Financial Advocates Investment Management now owns 13,345 shares of the company’s stock worth $335,000 after buying an additional 1,416 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. boosted its holdings in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund by 8.3% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 20,726 shares of the company’s stock worth $474,000 after buying an additional 1,596 shares during the period. 23.62% of the stock is owned by institutional investors.

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.