Shares of Nuveen New Jersey Municipal Value Fund (NYSE:NJV) rose 1.8% on Tuesday . The company traded as high as $13.89 and last traded at $13.89, approximately 944 shares were traded during mid-day trading. A decline of 75% from the average daily volume of 3,703 shares. The stock had previously closed at $13.64.
The stock has a 50 day simple moving average of $13.76 and a two-hundred day simple moving average of $13.72.
The business also recently disclosed a monthly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were paid a dividend of $0.041 per share. This represents a $0.49 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date was Thursday, November 14th.
An institutional investor recently raised its position in Nuveen New Jersey Municipal Value Fund stock. Saba Capital Management L.P. lifted its position in Nuveen New Jersey Municipal Value Fund (NYSE:NJV) by 14.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,908 shares of the company’s stock after buying an additional 1,465 shares during the quarter. Saba Capital Management L.P.’s holdings in Nuveen New Jersey Municipal Value Fund were worth $163,000 as of its most recent SEC filing.
About Nuveen New Jersey Municipal Value Fund (NYSE:NJV)
Nuveen New Jersey Municipal Value Fund is a close-ended fixed income mutual fund launched by Nuveen Investments Inc It is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. The fund invests in fixed income markets of New Jersey. It primarily invests its assets in a portfolio of municipal securities with an objective to provide current income exempt from regular federal and New Jersey income taxes.
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