Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ) Shares Cross Above 50 Day Moving Average – Here’s Why

Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ)’s share price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $12.45 and traded as high as $12.90. Nuveen New Jersey Quality Municipal Income Fund shares last traded at $12.8750, with a volume of 101,873 shares traded.

Nuveen New Jersey Quality Municipal Income Fund Trading Down 0.0%

The business has a fifty day moving average of $12.45 and a 200 day moving average of $11.73.

Nuveen New Jersey Quality Municipal Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 14th will be issued a dividend of $0.0785 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a c) dividend on an annualized basis and a dividend yield of 7.3%.

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

Hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE increased its holdings in shares of Nuveen New Jersey Quality Municipal Income Fund by 2.0% in the second quarter. Bank of America Corp DE now owns 610,790 shares of the company’s stock valued at $6,932,000 after purchasing an additional 11,989 shares during the last quarter. J.W. Cole Advisors Inc. lifted its stake in shares of Nuveen New Jersey Quality Municipal Income Fund by 125.9% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 472,453 shares of the company’s stock worth $5,863,000 after buying an additional 263,324 shares during the last quarter. Royal Bank of Canada lifted its stake in shares of Nuveen New Jersey Quality Municipal Income Fund by 63.0% during the 1st quarter. Royal Bank of Canada now owns 439,293 shares of the company’s stock worth $5,170,000 after buying an additional 169,754 shares during the last quarter. Guggenheim Capital LLC boosted its holdings in shares of Nuveen New Jersey Quality Municipal Income Fund by 8.7% during the 2nd quarter. Guggenheim Capital LLC now owns 373,700 shares of the company’s stock worth $4,241,000 after buying an additional 30,018 shares during the period. Finally, Raymond James Financial Inc. grew its stake in Nuveen New Jersey Quality Municipal Income Fund by 12.0% in the 2nd quarter. Raymond James Financial Inc. now owns 320,522 shares of the company’s stock valued at $3,638,000 after buying an additional 34,272 shares during the last quarter.

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.