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Saba Capital Management, L.P., a significant shareholder of Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ), has reported the sale of shares totaling $398,013. The fund, which currently offers a substantial 7.78% dividend yield and boasts a market capitalization of $500.16 million, has maintained dividend payments for 25 consecutive years according to InvestingPro. The transactions occurred over two days, with sales of 16,600 shares on January 30 at $12.11 per share and 16,213 shares on January 31 at $12.15 per share. Following these sales, Saba Capital’s ownership stands at 4,835,117 shares. The transactions were executed under the indirect ownership of Saba Capital, with Boaz Weinstein also listed as a reporting owner. With a beta of 0.52, NXJ demonstrates relatively low price volatility. Unlock more insights and 5 additional key ProTips with InvestingPro.
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