QQQX: 8%-Plus Yield, 9% Discount, Long-Term NAV Growth
Source: SeekingAlpha
2025-03-02 09:15:00 ET
Summary
- QQQX, a CEF, offers an 8%-plus yield by selling covered calls on NASDAQ 100 stocks, aiming for attractive returns with reduced volatility.
- QQQX has a long-term track record, with a 35% NAV/share increase since inception, and currently trades at a 9.11% discount to NAV.
- The fund's top holdings include major tech stocks like Apple, Amazon, and Meta, and it provides regular quarterly distributions with tax advantages.
- Despite some risks, such as price and call option risks, QQQX's performance and yield make it a speculative Buy for high-yield seekers.
In Friday's article , we profiled the JPMorgan Nasdaq Equity Premium Income ETF ( JEPQ ), a closed end fund, "CEF", which sells covered call options on NASDAQ stocks, in order to create income for its investors....
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QQQX: 8%-Plus Yield, 9% Discount, Long-Term NAV Growth
Nuveen NASDAQ 100 Dynamic Overwrite Fund
NASDAQ: QQQX
QQQX Trading
-2.84% G/L:
$27.3103 Last:
108,976 Volume:
$27.55 Open:
