Robinhood, Applovin jump as S&P 500 reshuffle boosts index entrants
In recent transactions reported by the Securities and Exchange Commission, Saba Capital Management, L.P., and Boaz Weinstein, both significant stakeholders, disclosed sales of shares in the Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ). On January 21 and 22, a total of 49,875 shares were sold, amounting to approximately $607,310. The shares were sold at prices ranging from $12.17 to $12.21, near the fund's current trading price of $12.01. Following these transactions, the total shares owned by the reporting parties stood at 4,896,497. The $500 million market cap fund currently offers an attractive 7.76% dividend yield and has maintained dividend payments for 25 consecutive years, according to InvestingPro data. For investors interested in dividend sustainability analysis and additional insights, InvestingPro offers 5 more key tips about NXJ's financial health and valuation metrics.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.