Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ) Share Price Crosses Below 50 Day Moving Average – Time to Sell?

Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ) passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $12.38 and traded as low as $12.35. Nuveen New Jersey Quality Municipal Income Fund shares last traded at $12.3860, with a volume of 74,392 shares traded.

Nuveen New Jersey Quality Municipal Income Fund Price Performance

The firm’s fifty day moving average price is $12.38 and its 200-day moving average price is $12.52.

Nuveen New Jersey Quality Municipal Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 1st. Stockholders of record on Wednesday, April 15th will be issued a dividend of $0.0785 per share. This represents a c) annualized dividend and a dividend yield of 7.6%. The ex-dividend date is Wednesday, April 15th.

Institutional Trading of Nuveen New Jersey Quality Municipal Income Fund

A number of large investors have recently bought and sold shares of NXJ. Global Retirement Partners LLC bought a new position in Nuveen New Jersey Quality Municipal Income Fund in the fourth quarter valued at approximately $40,000. Kestra Advisory Services LLC bought a new stake in shares of Nuveen New Jersey Quality Municipal Income Fund during the fourth quarter worth $54,000. Closed End Fund Advisors Inc. acquired a new stake in shares of Nuveen New Jersey Quality Municipal Income Fund during the fourth quarter worth $137,000. Private Advisor Group LLC lifted its position in Nuveen New Jersey Quality Municipal Income Fund by 12.1% in the 3rd quarter. Private Advisor Group LLC now owns 12,539 shares of the company’s stock valued at $156,000 after acquiring an additional 1,355 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in Nuveen New Jersey Quality Municipal Income Fund during the 2nd quarter worth about $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.