Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ) Stock Crosses Below Two Hundred Day Moving Average – What’s Next?

Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.52 and traded as low as $12.30. Nuveen New Jersey Quality Municipal Income Fund shares last traded at $12.33, with a volume of 51,839 shares trading hands.

Nuveen New Jersey Quality Municipal Income Fund Trading Up 0.1%

The business has a fifty day simple moving average of $12.38 and a 200 day simple moving average of $12.52.

Nuveen New Jersey Quality Municipal Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, April 1st. Investors of record on Friday, March 13th were paid a dividend of $0.0785 per share. The ex-dividend date was Friday, March 13th. This represents a c) annualized dividend and a yield of 7.6%.

Hedge Funds Weigh In On Nuveen New Jersey Quality Municipal Income Fund

A number of hedge funds have recently added to or reduced their stakes in the business. Global Retirement Partners LLC acquired a new stake in shares of Nuveen New Jersey Quality Municipal Income Fund during the fourth quarter worth $40,000. Kestra Advisory Services LLC acquired a new position in shares of Nuveen New Jersey Quality Municipal Income Fund in the 4th quarter valued at about $54,000. Closed End Fund Advisors Inc. bought a new stake in shares of Nuveen New Jersey Quality Municipal Income Fund during the 4th quarter valued at about $137,000. Private Advisor Group LLC grew its position 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 buying an additional 1,355 shares during the last quarter. Finally, David J Yvars Group acquired a new stake in Nuveen New Jersey Quality Municipal Income Fund during the fourth quarter worth about $162,000.

Nuveen New Jersey Quality Municipal Income Fund Company Profile

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.