Nuveen NASDAQ 100 Dynamic Overwrite Fund

Nuveen NASDAQ 100 Dynamic Overwrite Fund is a closed-end investment fund. Its investment objective is to seek attractive total return with less volatility than the Nasdaq 100 Index. The company was founded on January 30, 2007 and is headquartered in Chicago, IL.

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NEW YORK--(BUSINESS WIRE)--The 19(a) distribution notices for six Nuveen closed-end funds are now available. These informational notices provide further details on the sources of the funds' regular quarterly distributions and follows the most recent quarterly distribution announcements. The full text of these notices is available below or on the Nuveen website via Distribution Source Estimates. Important Information Regarding Distributions March 28, 2024: THIS NOTICE IS FOR INFORMATIONAL PURPOS.

Six Nuveen Closed-End Funds Announce Availability of 19(a) Notices

NEW YORK--(BUSINESS WIRE)--Several Nuveen closed-end funds have declared distributions. These funds represent investment strategies for investors seeking diversified sources of cash flow to prepare for and sustain their retirement income needs. For further information regarding fund distributions, including earnings, undistributed net investment income, and notices, please visit www.nuveen.com/cef. Additionally, several leveraged municipal closed-end funds have announced distribution rate incre.

Nuveen Closed-End Funds Declare Distributions

Global Medical REIT just circulated its Q4 2023 earnings, which indicate stability across the board.

Don't Be Surprised If Nuveen Raises QQQX's Distribution

QQQX fund has historically underperformed compared to mechanical overwrite funds like QYLG. However, the QQQX fund is currently trading at a historically wide 7% discount to net asset value. Despite NAV underperformance, the discount to NAV presents a buying opportunity for income-oriented investors, assuming this discount will close in the coming months.

QQQX: Discount To NAV Presents A Buying Opportunity

JPMorgan Nasdaq Equity Premium Income ETF

Global X NASDAQ 100 Covered Call ETF

I don't always buy into stock bubbles. But when I do, I prefer dividend plays.

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This entire market meltdown has been based off of a flawed premise. We income investors must take advantage of it.

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QYLD and QQQX are popular vehicles for exposure to NASDAQ 100 with a twist of income generation. While covered call funds are all considered the same, we prefer those without a blind option writing strategy. QQQX also has an extra point in its favor and we would consider a switch for those holding QYLD.

Sell QYLD, Buy QQQX

The Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) is an equity buy-write fund with cash holdings that aim to mirror the Nasdaq 100 Index. QQQX gives up most of the upside due to its option overlay and tight deltas of the call options which cover 53% of the portfolio. The fund's strategy provides little downside mitigation and its performance lags behind the index and other technology-focused closed-end funds.

QQQX: A Poor Way To Get Exposure To The Nasdaq

Covered call overlays tend to do better in volatile down markets, and lag in bull markets. A majority of Nuveen NASDAQ 100 Dynamic Overwrite Fund's composition belongs to either the tech sector or communication services. It might make sense to rotate to Nuveen NASDAQ 100 Dynamic Overwrite Fund for the relative downside protection.

QQQX: Time To Rotate If Bullish Tech

Global X Nasdaq 100 Covered Call & Growth ETF

The Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) and Global X Nasdaq 100 Covered Call & Growth ETF (QYLG) both overwrite approximately 50% of their portfolios, but QQQX has lagged behind QYLG in total returns. QQQX has a higher expense ratio (0.92%) compared to QYLG (0.6%) and its 'dynamic' overwriting strategy appears to add 'negative alpha' compared to Global X's mechanical overwriting strategy. The author recommends investors currently holding QQQX to consider switching to QYLG.

QQQX Vs. QYLG: Which ETF Is Better?

There's a lot of rhetoric flying around about the debt ceiling these days, and it's set up a very nice opportunity for us to buy a 7%-yielding closed-end fund (CEF).

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Covered call funds are becoming popular again. One older and overlooked covered call can be one of the best.

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Pimco Municipal Income Fund III

For the second consecutive month, equity CEFs (-0.26%) on average witnessed negative performance while their fixed income CEF cohorts (+0.87%) posted gains for the second month in three. At month end, 13% of all CEFs traded at a premium to their NAV, with 18% of equity CEFs and 9% of fixed income CEFs trading in premium territory.

The Month In Closed-End Funds: March 2023

Nuveen NASDAQ 100 Dynamic Overwrite Fund is a nice covered call closed-end fund that is only about half hedged at any given time. The fund's yield is quite high, but the chart is overbought after a big rally.

QQQX: Ride 2023's Tech Bull Market With A 7%+ Yield

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NEW YORK--(BUSINESS WIRE)--The 19(a) distribution notices for ten Nuveen closed-end funds are now available. These informational notices provide further details on the sources of the funds' regular monthly or quarterly distributions and follows the most recent monthly and quarterly distribution announcements. The full text of these notices is available below or on the Nuveen website via Distribution Source Estimates.

Ten Nuveen Closed-End Funds Announce Availability of 19(a) Notices

The Force must be strong with this one—it yields 12.7%.

Buy, Hold Or Sell This 12.7% Dividend?

Covered call funds have been embraced for their income potential and QQQX is no different. We examine the fund, the current setup and tell you why we think this fund is easy to sell.

QQQX: A Switch To QYLG Makes Sense

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22 out of 23 CEF sectors positive on price and 22 out of 23 sectors positive on NAV last week. All sectors were positive last week.

Weekly Closed-End Fund Roundup: Special Distributions Coming Up (December 4, 2022)

Invesco QQQ

Recent corrections have pushed the valuation of the tech sector to a more reasonable level. The Invesco QQQ ETF (QQQ) and Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) may pique the interests of growth and income investors now, respectively.

QQQX Vs. QQQ: Income, Growth, Or Neither?

QQQX and SPXX are equity option income CEFs. QQQX and SPXX are overvalued relative to their recent history.

QQQX And SPXX: Pair Of Overvalued Option Income CEFs Ready To Revert

Pacer Trendpilot 100 ETF

For those who want to invest in tech names of the Nasdaq 100 somewhat like Cathie Wood, but, at the same time, get some protection against volatility, there are QQQX and PTNQ. For this purpose, I make a comparison with the Nasdaq's tracking QQQ ETF which has hit a one-year low of 22% after a succession of interest rate hikes.

PTNQ Is Better Than QQQX For Investing In Volatile Tech Unless You Favor Income

We upgraded both QQQ and QQQX to neutral, as we expected a countertrend rally. We got that on schedule, and the fundamentals have deteriorated significantly since then.

QQQX & QQQ: Substantial Downside Ahead

BlackRock Science & Technology

Columbia Seligman Premium Technology Growth Func Inc

I'm always shocked when dividend investors ignore tech stocks.

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When we last covered QQQX, we highlighted why positive returns were not in the fund's future. 3 months later, the fund has dropped by one-quarter of its value.

QQQX: Outperformance Over QQQ Should Widen

The Columbia Seligman Premium Technology Growth Fund (STK) and Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) both follow a covered call strategy. Both are unleveraged CEFs and are also based on the technology sector as the underlying index.

News for Nuveen NASDAQ 100 Dynamic Overwrite Fund ETF (QQQX)