STK: Past Performance Is Unlikely To Continue [Seeking Alpha]
Nuveen NASDAQ 100 Dynamic Overwrite Fund - Closed End Fund (QQQX)
US:NASDAQ Investor Relations:
nuveen.com/cef/product/data.aspx?fundcode=diax
Company Research
Source: Seeking Alpha
The valuation risk of the tech sector has become too high, which makes the STK closed-end fund vulnerable to a slowdown or correction. The fund's use of covered calls may be less efficient in generating income due to rising interest rates and low market volatility. Finally, the dividend yield is not as high as on the surface considering the lack of growth, fees, and risk-free rates. This idea was discussed in more depth with members of my private investing community, Envision Early Retirement. Learn More » Thesis Investors in Columbia Seligman Premium Technology Growth Fund NYSE: STK ) have enjoyed terrific returns in the past 1 year or so. The chart next shows the price return of STK, in comparison with two peer funds: Global X NASDAQ 100 Covered Call ETF ( QYLD ) and Nuveen NASDAQ 100 Dynamic Overwrite Fund ( QQQX ) since March 2023. As seen, STK has significantly outperformed both QYLD and QQQX over the period. STK has gained 23.10%, compared to QYLD's 5.83% and QQQX's 2
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