Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ) Declares Monthly Dividend of $0.08

Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ) announced a monthly dividend on Tuesday, June 3rd, Wall Street Journal reports. Investors of record on Friday, June 13th will be given a dividend of 0.0785 per share on Tuesday, July 1st. This represents a $0.94 dividend on an annualized basis and a dividend yield of 8.28%. The ex-dividend date of this dividend is Friday, June 13th.

Nuveen New Jersey Quality Municipal Income Fund Stock Up 0.4%

NYSE:NXJ opened at $11.37 on Thursday. Nuveen New Jersey Quality Municipal Income Fund has a 1 year low of $11.01 and a 1 year high of $13.13. The business has a 50 day simple moving average of $11.41 and a 200-day simple moving average of $11.89.

Insider Activity

In related news, major shareholder Saba Capital Management, L.P. sold 47,415 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $12.09, for a total transaction of $573,247.35. Following the completion of the sale, the insider now directly owns 4,217,640 shares of the company’s stock, valued at approximately $50,991,267.60. This trade represents a 1.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 96,422 shares of company stock valued at $1,161,635 in the last ninety days.

Institutional Investors Weigh In On Nuveen New Jersey Quality Municipal Income Fund

A hedge fund recently raised its stake in Nuveen New Jersey Quality Municipal Income Fund stock. Royal Bank of Canada increased its holdings in shares of Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ) by 63.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 439,293 shares of the company’s stock after buying an additional 169,754 shares during the quarter. Royal Bank of Canada’s holdings in Nuveen New Jersey Quality Municipal Income Fund were worth $5,170,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

About Nuveen New Jersey Quality Municipal Income Fund

Nuveen New Jersey Quality Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of New Jersey. The fund invests in undervalued municipal securities and other related investments that are, exempt from regular federal and New Jersey income taxes that are rated Baa or BBB or better.