Nuveen NASDAQ 100 Dynamic Overwrite Fund (QQQX) To Go Ex-Dividend on September 15th

Nuveen NASDAQ 100 Dynamic Overwrite Fund (NASDAQ:QQQX) declared a quarterly dividend on Tuesday, September 1st. Shareholders of record on Tuesday, September 15th will be paid a dividend of 0.738 per share on Thursday, October 1st. This represents a c) annualized dividend and a yield of 9.6%. The ex-dividend date is Tuesday, September 15th.

Nuveen NASDAQ 100 Dynamic Overwrite Fund Stock Up 0.0%

Shares of NASDAQ QQQX opened at $30.62 on Thursday. Nuveen NASDAQ 100 Dynamic Overwrite Fund has a 1-year low of $25.35 and a 1-year high of $31.87. The company has a 50-day moving average of $30.17 and a two-hundred day moving average of $29.43.

Institutional Trading of Nuveen NASDAQ 100 Dynamic Overwrite Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in QQQX. NewEdge Advisors LLC raised its stake in shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund by 4.2% during the first quarter. NewEdge Advisors LLC now owns 39,013 shares of the company’s stock worth $927,000 after buying an additional 1,582 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Nuveen NASDAQ 100 Dynamic Overwrite Fund by 11.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 12,006 shares of the company’s stock worth $285,000 after acquiring an additional 1,200 shares during the period. Schnieders Capital Management LLC. grew its holdings in Nuveen NASDAQ 100 Dynamic Overwrite Fund by 6.5% during the 2nd quarter. Schnieders Capital Management LLC. now owns 48,895 shares of the company’s stock worth $1,294,000 after acquiring an additional 3,000 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund by 58.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,766 shares of the company’s stock valued at $126,000 after acquiring an additional 1,751 shares during the last quarter. Finally, Invesco Ltd. raised its position in shares of Nuveen NASDAQ 100 Dynamic Overwrite Fund by 1.0% during the 2nd quarter. Invesco Ltd. now owns 823,010 shares of the company’s stock valued at $21,785,000 after acquiring an additional 8,323 shares during the last quarter. 23.60% of the stock is owned by institutional investors.

About Nuveen NASDAQ 100 Dynamic Overwrite Fund

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.