Saba Capital Management, L.P., a significant stakeholder in the Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ), has reported substantial stock sales in the $492.32 million market cap fund. According to a recent filing, the firm sold a total of 47,733 shares over two separate transactions. The sales, executed on January 10 and January 13, were priced between $12.01 and $12.02 per share, amounting to a total of $573,581. The fund, known for its impressive 7.84% dividend yield and 25-year track record of consistent dividend payments, continues to attract investor attention.
Following these transactions, Saba Capital Management's holdings in the fund decreased, with 5,072,604 shares remaining. The sales were carried out under indirect ownership, as stated in the filing.
Boaz Weinstein, another major stakeholder, also signed the filing, confirming the transactions on behalf of Saba Capital Management.
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