Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ) Trading Down 0.3% – What’s Next?

Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ) shares traded down 0.3% during trading on Tuesday . The company traded as low as $12.67 and last traded at $12.6750. 113,443 shares were traded during mid-day trading, a decline of 17% from the average session volume of 136,565 shares. The stock had previously closed at $12.71.

Nuveen New Jersey Quality Municipal Income Fund Stock Performance

The business has a 50-day moving average price of $12.69 and a 200 day moving average price of $12.00.

Nuveen New Jersey Quality Municipal Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be given a dividend of $0.0785 per share. The ex-dividend date is Monday, December 15th. This represents a c) annualized dividend and a yield of 7.4%.

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

A number of institutional investors and hedge funds have recently made changes to their positions in NXJ. Wolverine Asset Management LLC boosted its holdings in Nuveen New Jersey Quality Municipal Income Fund by 5.7% during the 2nd quarter. Wolverine Asset Management LLC now owns 20,205 shares of the company’s stock valued at $229,000 after acquiring an additional 1,086 shares during the period. Envestnet Asset Management Inc. lifted its position in Nuveen New Jersey Quality Municipal Income Fund by 2.9% in the third quarter. Envestnet Asset Management Inc. now owns 42,215 shares of the company’s stock valued at $524,000 after purchasing an additional 1,171 shares during the last quarter. Private Advisor Group LLC lifted its position in Nuveen New Jersey Quality Municipal Income Fund by 12.1% in 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 during the last quarter. HighTower Advisors LLC boosted its stake in shares of Nuveen New Jersey Quality Municipal Income Fund by 7.7% during the first quarter. HighTower Advisors LLC now owns 21,855 shares of the company’s stock valued at $257,000 after purchasing an additional 1,568 shares during the period. Finally, Nations Financial Group Inc. IA ADV grew its holdings in shares of Nuveen New Jersey Quality Municipal Income Fund by 7.1% in the third quarter. Nations Financial Group Inc. IA ADV now owns 29,864 shares of the company’s stock worth $371,000 after purchasing an additional 1,986 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.