Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ – Get Free Report) declared a monthly dividend on Monday, February 3rd,NASDAQ Dividends reports. Shareholders of record on Friday, February 14th will be paid a dividend of 0.0785 per share on Monday, March 3rd. This represents a $0.94 annualized dividend and a dividend yield of 7.76%. The ex-dividend date of this dividend is Friday, February 14th.
Nuveen New Jersey Quality Municipal Income Fund Price Performance
Shares of NYSE NXJ traded up $0.01 during mid-day trading on Tuesday, hitting $12.14. 118,470 shares of the company were exchanged, compared to its average volume of 111,826. The stock has a 50 day simple moving average of $12.19 and a 200-day simple moving average of $12.51. Nuveen New Jersey Quality Municipal Income Fund has a 1-year low of $11.45 and a 1-year high of $13.13.
Insider Transactions at Nuveen New Jersey Quality Municipal Income Fund
In other news, major shareholder Saba Capital Management, L.P. sold 16,600 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $12.11, for a total value of $201,026.00. Following the completion of the sale, the insider now directly owns 4,851,330 shares of the company’s stock, valued at $58,749,606.30. This trade represents a 0.34 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last quarter, insiders sold 690,388 shares of company stock worth $8,499,162.
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.
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