Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ) Shares Up 0.8% – Time to Buy?

Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ)’s share price shot up 0.8% during trading on Friday . The company traded as high as $11.27 and last traded at $11.26. 215,174 shares were traded during mid-day trading, an increase of 57% from the average session volume of 137,296 shares. The stock had previously closed at $11.18.

Nuveen New Jersey Quality Municipal Income Fund Trading Up 0.8%

The business’s 50-day moving average price is $11.29 and its 200 day moving average price is $11.61.

Nuveen New Jersey Quality Municipal Income Fund Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, August 1st. Shareholders of record on Tuesday, July 15th were paid a $0.0785 dividend. This represents a c) dividend on an annualized basis and a yield of 8.4%. The ex-dividend date of this dividend was Tuesday, July 15th.

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

A number of large investors have recently added to or reduced their stakes in the company. Regal Investment Advisors LLC boosted its position in Nuveen New Jersey Quality Municipal Income Fund by 5.5% during the fourth quarter. Regal Investment Advisors LLC now owns 16,168 shares of the company’s stock valued at $197,000 after buying an additional 846 shares during the period. HighTower Advisors LLC lifted its stake in shares of 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 acquiring an additional 1,568 shares during the last quarter. North Ground Capital boosted its holdings in Nuveen New Jersey Quality Municipal Income Fund by 1.6% during the 1st quarter. North Ground Capital now owns 111,770 shares of the company’s stock valued at $1,267,000 after acquiring an additional 1,770 shares during the period. Envestnet Asset Management Inc. grew its position in Nuveen New Jersey Quality Municipal Income Fund by 16.2% during the 4th quarter. Envestnet Asset Management Inc. now owns 16,296 shares of the company’s stock worth $198,000 after acquiring an additional 2,275 shares during the last quarter. Finally, Bogart Wealth LLC bought a new position in Nuveen New Jersey Quality Municipal Income Fund during the 2nd quarter worth approximately $33,000.

Nuveen New Jersey Quality Municipal Income Fund Company Profile

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.