Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ – Get Free Report) announced a monthly dividend on Monday, July 1st, NASDAQ reports. Investors of record on Monday, July 15th will be given a dividend of 0.0785 per share on Thursday, August 1st. This represents a $0.94 annualized dividend and a yield of 7.71%. The ex-dividend date is Monday, July 15th.
Nuveen New Jersey Quality Municipal Income Fund Stock Up 0.3 %
NYSE:NXJ traded up $0.04 during trading hours on Tuesday, reaching $12.21. 48,391 shares of the stock were exchanged, compared to its average volume of 66,325. Nuveen New Jersey Quality Municipal Income Fund has a twelve month low of $10.06 and a twelve month high of $12.24. The business has a 50-day moving average of $11.94 and a two-hundred day moving average of $11.96.
Insider Activity at Nuveen New Jersey Quality Municipal Income Fund
In other news, major shareholder Saba Capital Management, L.P. bought 7,027 shares of the stock in a transaction that occurred on Monday, June 3rd. The stock was bought at an average cost of $11.64 per share, for a total transaction of $81,794.28. Following the acquisition, the insider now directly owns 5,979,598 shares of the company’s stock, valued at approximately $69,602,520.72. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders have bought 12,621 shares of company stock worth $147,044.
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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