Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) Sees Large Volume Increase – Time to Buy?

Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ:QQQX) saw an uptick in trading volume on Wednesday . 549,726 shares were traded 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 Stock Up 1.4 %

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

Institutional Trading of Nuveen Nasdaq 100 Dynamic Overwrite Fund

A number of institutional investors have recently made changes to their positions in the company. Hennion & Walsh Asset Management Inc. acquired a new stake in Nuveen Nasdaq 100 Dynamic Overwrite Fund during the 4th quarter worth $211,000. Arkadios Wealth Advisors grew its stake in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 187.9% during the 4th quarter. Arkadios Wealth Advisors now owns 26,289 shares of the company’s stock valued at $711,000 after acquiring an additional 17,157 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 270.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 16,784 shares of the company’s stock valued at $454,000 after acquiring an additional 12,248 shares during the last quarter. Sanctuary Advisors LLC raised its holdings in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 8.6% in the 3rd quarter. Sanctuary Advisors LLC now owns 25,536 shares of the company’s stock valued at $661,000 after acquiring an additional 2,020 shares during the last quarter. Finally, Arete Wealth Advisors LLC lifted its stake in Nuveen Nasdaq 100 Dynamic Overwrite Fund by 3.5% in the 3rd quarter. Arete Wealth Advisors LLC now owns 121,198 shares of the company’s stock worth $3,031,000 after purchasing an additional 4,121 shares in the last quarter. 23.62% of the stock is 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.