Nuveen New Jersey Quality Municipal Income Fund (NXJ) to Issue Monthly Dividend of $0.08 on March 2nd

Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ) announced a monthly dividend on Monday, February 2nd. Shareholders of record on Friday, February 13th will be given a dividend of 0.0785 per share on Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 7.5%. The ex-dividend date of this dividend is Friday, February 13th.

Nuveen New Jersey Quality Municipal Income Fund Price Performance

NYSE:NXJ opened at $12.56 on Wednesday. The business’s 50-day simple moving average is $12.55 and its two-hundred day simple moving average is $12.29. Nuveen New Jersey Quality Municipal Income Fund has a 52 week low of $11.01 and a 52 week high of $12.90.

Institutional Investors Weigh In On Nuveen New Jersey Quality Municipal Income Fund

Institutional investors and hedge funds have recently modified their holdings of the stock. Wolverine Asset Management LLC boosted its position in shares of Nuveen New Jersey Quality Municipal Income Fund by 5.7% during the second quarter. Wolverine Asset Management LLC now owns 20,205 shares of the company’s stock worth $229,000 after acquiring an additional 1,086 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in Nuveen New Jersey Quality Municipal Income Fund by 2.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 42,215 shares of the company’s stock worth $524,000 after purchasing an additional 1,171 shares in the last quarter. Private Advisor Group LLC boosted its holdings in shares of Nuveen New Jersey Quality Municipal Income Fund by 12.1% during the 3rd 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 during the last quarter. Nations Financial Group Inc. IA ADV grew its position in shares of Nuveen New Jersey Quality Municipal Income Fund by 4.8% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 31,299 shares of the company’s stock valued at $396,000 after purchasing an additional 1,435 shares in the last quarter. Finally, Cary Street Partners Financial LLC increased its holdings in shares of Nuveen New Jersey Quality Municipal Income Fund by 15.1% in the second quarter. Cary Street Partners Financial LLC now owns 15,276 shares of the company’s stock worth $173,000 after purchasing an additional 2,000 shares during the last quarter.

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.