Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) Sees Strong Trading Volume – What’s Next?

Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) shares saw an uptick in trading volume on Wednesday . 549,726 shares traded hands during mid-day trading, an increase of 274% from the previous session’s volume of 146,853 shares.The stock last traded at $25.36 and had previously closed at $25.12.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Trading Up 1.4 %

The firm has a fifty day moving average of $26.97 and a 200 day moving average of $26.01.

Institutional Investors Weigh In On Nuveen Nasdaq 100 Dynamic Overwrite Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. CoreFirst Bank & Trust purchased a new stake in Nuveen Nasdaq 100 Dynamic Overwrite Fund during the fourth quarter worth $36,000. Griffin Asset Management Inc. acquired a new stake in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund during the 4th quarter valued at about $205,000. Left Brain Wealth Management LLC acquired a new stake in shares of Nuveen Nasdaq 100 Dynamic Overwrite Fund during 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 during the fourth quarter worth approximately $215,000. Institutional investors and hedge funds own 23.62% of the company’s stock.

Nuveen Nasdaq 100 Dynamic Overwrite Fund Company Profile

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.