QQQX
Closed
Nuveen Nasdaq 100 Dynamic Overwrite Closed End Fund
26.4
-0.1 (-0.38%)
Last Update: 01 Jul 2025 23:00:00
Yesterday: 26.47
Day's Range: 26.355 - 26.6
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When Written:
23.62
The Nuveen NASDAQ 100 Dynamic Overwrite Closed End Fund (QQQX) is a closed-end fund that seeks to provide investors with income and capital appreciation by investing primarily in the technology sector. The fund is managed by Nuveen Asset Management and uses a dynamic overwrite strategy to enhance returns.
In a dynamic overwrite strategy, the fund manager sells call options on the underlying stocks in the portfolio, which generates income for the fund. The manager can adjust the strike price and expiration date of the options based on market conditions, which allows for flexibility in the strategy.
As of May 2021, the fund had total net assets of approximately $1.4 billion and a distribution rate of 6.33%. The fund's top holdings include Apple, Microsoft, Amazon, and Facebook.
Investors should be aware that closed-end funds may trade at a premium or discount to their net asset value, and that options trading involves risks such as the potential for losses if the market moves against the fund's positions. As with any investment, it is important to thoroughly research and understand the risks before investing in the Nuveen NASDAQ 100 Dynamic Overwrite Closed End Fund.
Note: This message is generated by artificial intelligence; it does not guarantee the accuracy of the information it contains and should not be considered as investment advice.
In a dynamic overwrite strategy, the fund manager sells call options on the underlying stocks in the portfolio, which generates income for the fund. The manager can adjust the strike price and expiration date of the options based on market conditions, which allows for flexibility in the strategy.
As of May 2021, the fund had total net assets of approximately $1.4 billion and a distribution rate of 6.33%. The fund's top holdings include Apple, Microsoft, Amazon, and Facebook.
Investors should be aware that closed-end funds may trade at a premium or discount to their net asset value, and that options trading involves risks such as the potential for losses if the market moves against the fund's positions. As with any investment, it is important to thoroughly research and understand the risks before investing in the Nuveen NASDAQ 100 Dynamic Overwrite Closed End Fund.
Note: This message is generated by artificial intelligence; it does not guarantee the accuracy of the information it contains and should not be considered as investment advice.
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