Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ) Stock Price Crosses Below 200-Day Moving Average – Should You Sell?
by Kim Johansen · The Markets DailyNuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ – Get Free Report) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.52 and traded as low as $12.30. Nuveen New Jersey Quality Municipal Income Fund shares last traded at $12.33, with a volume of 51,839 shares.
Nuveen New Jersey Quality Municipal Income Fund Trading Up 0.1%
The stock has a 50-day simple moving average of $12.38 and a two-hundred day simple moving average of $12.52.
Nuveen New Jersey Quality Municipal Income Fund Announces Dividend
The company also recently disclosed a monthly dividend, which was paid on Wednesday, April 1st. Investors of record on Friday, March 13th were issued a $0.0785 dividend. This represents a c) annualized dividend and a dividend yield of 7.6%. The ex-dividend date was Friday, March 13th.
Institutional Trading of Nuveen New Jersey Quality Municipal Income Fund
A number of hedge funds have recently added to or reduced their stakes in the business. Global Retirement Partners LLC bought a new position in Nuveen New Jersey Quality Municipal Income Fund during the 4th quarter worth about $40,000. Kestra Advisory Services LLC purchased a new stake in shares of Nuveen New Jersey Quality Municipal Income Fund in the 4th quarter worth approximately $54,000. Closed End Fund Advisors Inc. purchased a new stake in shares of Nuveen New Jersey Quality Municipal Income Fund in the 4th quarter worth approximately $137,000. Private Advisor Group LLC boosted its stake in shares of Nuveen New Jersey Quality Municipal Income Fund by 12.1% during the third quarter. Private Advisor Group LLC now owns 12,539 shares of the company’s stock valued at $156,000 after purchasing an additional 1,355 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in Nuveen New Jersey Quality Municipal Income Fund during the second quarter valued at approximately $161,000.
About Nuveen New Jersey Quality Municipal Income Fund
Nuveen New Jersey Quality Municipal Income Fund (NYSE: NXJ) is a closed-end management investment company sponsored by Nuveen, a subsidiary of TIAA Global Asset Management. Established to serve investors seeking tax-advantaged income, the fund is listed on the New York Stock Exchange and is managed by Nuveen’s municipal fixed-income team. It draws on Nuveen’s longstanding expertise in the municipal bond market to construct a portfolio aligned with its stated objectives.
The fund’s primary objective is to provide a high level of current income exempt from federal and New Jersey personal income taxes.