Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) Sets New 12-Month Low – Here’s Why

Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) reached a new 52-week low on Monday . The stock traded as low as $21.71 and last traded at $23.24, with a volume of 134719 shares changing hands. The stock had previously closed at $23.71.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Price Performance

The firm has a 50-day simple moving average of $25.88 and a two-hundred day simple moving average of $25.99.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 14th were paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 9.39%. The ex-dividend date was Friday, March 14th.

Hedge Funds Weigh In On Nuveen Nasdaq 100 Dynamic Overwrite Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CoreFirst Bank & Trust acquired a new stake in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund in the fourth quarter valued at $36,000. Griffin Asset Management Inc. purchased a new stake in Nuveen Nasdaq 100 Dynamic Overwrite Fund during the 4th quarter worth about $205,000. Left Brain Wealth Management LLC purchased a new position in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund in the 4th quarter valued at about $207,000. Hennion & Walsh Asset Management Inc. purchased a new position in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund in the 4th quarter valued at about $211,000. Finally, Next Level Private LLC purchased a new position in Nuveen Nasdaq 100 Dynamic Overwrite Fund in the fourth quarter worth approximately $215,000. Hedge funds and other 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.