Nuveen New Jersey Quality Municipal Income Fund (NXJ) To Go Ex-Dividend on April 15th

Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ) declared a monthly dividend on Wednesday, April 1st. Investors of record on Wednesday, April 15th will be paid a dividend of 0.0785 per share on Friday, May 1st. This represents a c) annualized dividend and a dividend yield of 7.6%. The ex-dividend date of this dividend is Wednesday, April 15th.

Nuveen New Jersey Quality Municipal Income Fund Price Performance

Shares of NYSE NXJ traded down $0.02 during midday trading on Monday, hitting $12.44. 38,006 shares of the company traded hands, compared to its average volume of 111,111. Nuveen New Jersey Quality Municipal Income Fund has a 12-month low of $11.06 and a 12-month high of $12.90. The stock has a 50-day moving average price of $12.39 and a 200 day moving average price of $12.53.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of NXJ. Royal Bank of Canada grew its holdings in Nuveen New Jersey Quality Municipal Income Fund by 63.0% in the first quarter. Royal Bank of Canada now owns 439,293 shares of the company’s stock worth $5,170,000 after purchasing an additional 169,754 shares during the period. Focus Partners Wealth purchased a new stake in Nuveen New Jersey Quality Municipal Income Fund in the first quarter worth about $331,000. Cary Street Partners Financial LLC grew its holdings in Nuveen New Jersey Quality Municipal Income Fund by 15.1% in the second quarter. Cary Street Partners Financial LLC now owns 15,276 shares of the company’s stock worth $173,000 after purchasing an additional 2,000 shares during the period. NewEdge Advisors LLC purchased a new stake in Nuveen New Jersey Quality Municipal Income Fund in the second quarter worth about $175,000. Finally, Raymond James Financial Inc. grew its holdings in Nuveen New Jersey Quality Municipal Income Fund by 12.0% in the second quarter. Raymond James Financial Inc. now owns 320,522 shares of the company’s stock worth $3,638,000 after purchasing an additional 34,272 shares during the period.

About Nuveen New Jersey Quality Municipal Income Fund

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.