Nuveen New Jersey Quality Municipal Income Fund sees $573,581 from Investing.com stock sale
Saba Capital Management, LP, a significant shareholder in Nuveen New Jersey Quality Community Income Fund (NYSE:NXJ), reported a significant sale of shares in the $492.32 million market cap fund. According to a recent filing, the company sold a total of 47,733 shares in two separate transactions. The sales, made on Jan. 10 and Jan. 13, were priced between $12.01 and $12.02 per share, for a total of $573,581. The fund, known for its impressive dividend yield of 7.84% and 25-year track record of consistent dividend payments, continues to attract investor attention.
After these transactions, Saba Capital Management’s holdings in the fund decreased, with 5,072,604 shares remaining. The sale was made under indirect ownership, as stated in the submission.
Boaz Weinstein, another major shareholder, also signed the filing, confirming the transactions on behalf of Saba Capital Management.
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