How are energy investors positioned?
Saba Capital Management, L.P., a significant stakeholder in Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ), recently sold shares worth a total of $632,440. The transactions occurred over two consecutive days, March 4 and March 5, 2025, with share prices ranging from $12.25 to $12.32. The fund, which boasts a market capitalization of $500 million and currently offers an attractive 7.7% dividend yield, has maintained consistent dividend payments for 25 consecutive years, according to InvestingPro data.
On March 4, Saba Capital disposed of 27,621 shares at $12.32 each. The following day, an additional 23,849 shares were sold at $12.25 per share. Following these transactions, Saba Capital holds 4,295,484 shares indirectly.
These sales were reported in a recent SEC filing, reflecting Saba Capital’s ongoing portfolio management strategies.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.