BofA update shows where active managers are putting money
In recent transactions, Saba Capital Management, L.P., led by Boaz Weinstein, sold shares of Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ) amounting to a total of $653,368. The sales occurred over two days, with 24,055 shares sold on February 18 at a price of $12.10 per share and 29,893 shares sold on February 19 at $12.12 per share. The fund, currently valued at $500.57 million, maintains a notable 7.75% dividend yield and has consistently paid dividends for 25 consecutive years, according to InvestingPro data. Following these transactions, Saba Capital holds 4,427,497 shares of the fund. With a beta of 0.52, NXJ demonstrates relatively low price volatility, trading at $12.14, near its 52-week range of $11.45-$13.13. InvestingPro offers additional insights and metrics for investors seeking deeper analysis of municipal bond funds.
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