Nuveen New Jersey Municipal Value Fund (NYSE:NJV) Shares Up 1.8%

Nuveen New Jersey Municipal Value Fund (NYSE:NJV)’s stock price rose 1.8% on Tuesday . The company traded as high as $13.89 and last traded at $13.89, approximately 944 shares traded hands during mid-day trading. A decline of 75% from the average daily volume of 3,703 shares. The stock had previously closed at $13.64.

The stock has a fifty day simple moving average of $13.76 and a 200-day simple moving average of $13.72.

The company also recently announced a monthly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were issued a $0.041 dividend. This represents a $0.49 annualized dividend and a dividend yield of 3.51%. The ex-dividend date was Thursday, November 14th.

A hedge fund recently raised its stake in Nuveen New Jersey Municipal Value Fund stock. Saba Capital Management L.P. boosted its position in shares of Nuveen New Jersey Municipal Value Fund (NYSE:NJV) by 14.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,908 shares of the company’s stock after purchasing an additional 1,465 shares during the period. Saba Capital Management L.P.’s holdings in Nuveen New Jersey Municipal Value Fund were worth $163,000 at the end of the most recent quarter.

Nuveen New Jersey Municipal Value Fund Company Profile (NYSE:NJV)

Nuveen New Jersey Municipal Value Fund is a close-ended fixed income mutual fund launched by Nuveen Investments Inc It is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. The fund invests in fixed income markets of New Jersey. It primarily invests its assets in a portfolio of municipal securities with an objective to provide current income exempt from regular federal and New Jersey income taxes.

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