Edge Wealth Management LLC Trims Holdings in Nuveen New Jersey Dividend Advantg Mncpl (NXJ)

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Edge Wealth Management LLC lowered its position in Nuveen New Jersey Dividend Advantg Mncpl (NYSE:NXJ) by 11.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 55,955 shares of the company’s stock after selling 7,455 shares during the period. Edge Wealth Management LLC’s holdings in Nuveen New Jersey Dividend Advantg Mncpl were worth $713,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Round Table Services LLC acquired a new position in Nuveen New Jersey Dividend Advantg Mncpl during the third quarter worth $154,000. Private Advisor Group LLC acquired a new position in Nuveen New Jersey Dividend Advantg Mncpl during the second quarter worth $247,000. National Asset Management Inc. acquired a new position in Nuveen New Jersey Dividend Advantg Mncpl during the third quarter worth $367,000. Tortoise Investment Management LLC raised its holdings in Nuveen New Jersey Dividend Advantg Mncpl by 25.2% during the third quarter. Tortoise Investment Management LLC now owns 39,747 shares of the company’s stock worth $511,000 after buying an additional 8,000 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in Nuveen New Jersey Dividend Advantg Mncpl by 590.9% during the third quarter. PNC Financial Services Group Inc. now owns 50,766 shares of the company’s stock worth $652,000 after buying an additional 43,418 shares during the last quarter.

NXJ traded down $0.03 during trading on Friday, hitting $13.25. 1,066 shares of the company’s stock were exchanged, compared to its average volume of 127,143. Nuveen New Jersey Dividend Advantg Mncpl has a fifty-two week low of $12.34 and a fifty-two week high of $13.61.

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 1st. Shareholders of record on Tuesday, January 15th will be issued a dividend of $0.0545 per share. This is an increase from Nuveen New Jersey Dividend Advantg Mncpl’s previous monthly dividend of $0.05. The ex-dividend date is Monday, January 14th. This represents a $0.65 annualized dividend and a yield of 4.94%.

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Nuveen New Jersey Dividend Advantg Mncpl Company Profile

Nuveen New Jersey Quality Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of New Jersey. The fund invests in undervalued municipal securities and other related investments that are, exempt from regular federal and New Jersey income taxes that are rated Baa or BBB or better.

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Institutional Ownership by Quarter for Nuveen New Jersey Dividend Advantg Mncpl (NYSE:NXJ)

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