Saba Capital Management, L.P., a notable investment firm, has recently sold shares of Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ). The fund, which boasts a market capitalization of $524 million and currently offers a substantial 7.4% dividend yield, has maintained dividend payments for 24 consecutive years. InvestingPro data shows the stock trading near its 52-week high of $13.13, with characteristically low volatility (Beta: 0.51). According to a recent SEC filing, Saba Capital disposed of 38,411 shares at a price of $12.64 per share, totaling approximately $485,515. Following this transaction, Saba Capital retains ownership of 5,590,608 shares in the fund. Discover more detailed financial metrics and 5 additional exclusive insights about NXJ with InvestingPro. The sale was executed on December 2, 2024, and was signed off by Zachary Gindes on behalf of Saba Capital, as well as by Boaz Weinstein, an individual associated with the firm.
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