Saba Capital Management, L.P., a significant stakeholder in Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ), a $504 million market cap fund known for its impressive 7.77% dividend yield, has reported the sale of shares valued at approximately $1.16 million. The transactions occurred over two days, with the firm selling 50,043 shares on January 16 at a price of $12.06 per share and 45,524 shares on January 17 at $12.12 per share.
Following these transactions, Saba Capital Management now holds a total of 4,946,372 shares in the fund. These sales were executed under indirect ownership, as noted in the recent SEC filing.
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