Tortoise Investment Management LLC reduced its position in shares of Nuveen New Jersey Dividend Advantg Mncpl (NYSE:NXJ) by 3.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,447 shares of the company’s stock after selling 1,250 shares during the period. Tortoise Investment Management LLC’s holdings in Nuveen New Jersey Dividend Advantg Mncpl were worth $431,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Lucas Capital Management increased its position in shares of Nuveen New Jersey Dividend Advantg Mncpl by 15.5% in the second quarter. Lucas Capital Management now owns 51,667 shares of the company’s stock worth $708,000 after buying an additional 6,932 shares during the last quarter. Janney Montgomery Scott LLC increased its position in shares of Nuveen New Jersey Dividend Advantg Mncpl by 38.1% in the second quarter. Janney Montgomery Scott LLC now owns 19,626 shares of the company’s stock worth $269,000 after buying an additional 5,418 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its position in shares of Nuveen New Jersey Dividend Advantg Mncpl by 1.5% in the second quarter. Advisors Asset Management Inc. now owns 237,466 shares of the company’s stock worth $3,253,000 after buying an additional 3,596 shares during the last quarter.

Nuveen New Jersey Dividend Advantg Mncpl (NXJ) opened at 13.71 on Friday. Nuveen New Jersey Dividend Advantg Mncpl has a one year low of $12.90 and a one year high of $15.63. The firm has a 50-day moving average price of $13.83 and a 200-day moving average price of $13.55.

The firm also recently declared a monthly dividend, which will be paid on Friday, September 1st. Investors of record on Tuesday, August 15th will be paid a $0.058 dividend. The ex-dividend date of this dividend is Friday, August 11th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 5.08%.

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Nuveen New Jersey Dividend Advantg Mncpl Company Profile

Nuveen New Jersey Quality Municipal Income Fund, formerly Nuveen New Jersey Dividend Advantage Municipal Fund, is a diversified, closed-end management investment fund. The Fund’s investment objective is to provide current income exempt from both regular federal and New Jersey income taxes by investing in a portfolio of municipal obligations issued by state and local government authorities within a single state or certain the United States territories.

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Institutional Ownership by Quarter for Nuveen New Jersey Dividend Advantg Mncpl (NYSE:NXJ)

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