Nuveen New Jersey Quality Municipal Income Fund (NXJ) to Issue Monthly Dividend of $0.08 on December 31st

Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ) announced a monthly dividend on Monday, December 1st. Investors of record on Monday, December 15th will be paid a dividend of 0.0785 per share on Wednesday, December 31st. This represents a c) annualized dividend and a yield of 7.4%. The ex-dividend date is Monday, December 15th.

Nuveen New Jersey Quality Municipal Income Fund Stock Up 0.0%

NYSE NXJ traded up $0.01 during trading hours on Wednesday, hitting $12.66. The company had a trading volume of 6,434 shares, compared to its average volume of 135,794. The firm’s 50 day moving average is $12.63 and its 200 day moving average is $11.85. Nuveen New Jersey Quality Municipal Income Fund has a fifty-two week low of $11.01 and a fifty-two week high of $12.90.

Institutional Trading of Nuveen New Jersey Quality Municipal Income Fund

Several large investors have recently bought and sold shares of NXJ. Avantax Advisory Services Inc. acquired a new position in shares of Nuveen New Jersey Quality Municipal Income Fund during the first quarter worth $135,000. Cetera Investment Advisers increased its stake in Nuveen New Jersey Quality Municipal Income Fund by 2.3% during the 1st quarter. Cetera Investment Advisers now owns 258,573 shares of the company’s stock worth $3,043,000 after buying an additional 5,727 shares during the period. TIAA Trust National Association purchased a new stake in Nuveen New Jersey Quality Municipal Income Fund during the 1st quarter worth $212,000. Wolverine Asset Management LLC acquired a new position in Nuveen New Jersey Quality Municipal Income Fund in the 1st quarter worth $225,000. Finally, HighTower Advisors LLC boosted its position in Nuveen New Jersey Quality Municipal Income Fund by 7.7% in the 1st quarter. HighTower Advisors LLC now owns 21,855 shares of the company’s stock valued at $257,000 after buying an additional 1,568 shares during the last quarter.

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.