Next Capital Management LLC Takes Position in Nuveen New Jersey Dividend Advantg Mncpl (NYSE:NXJ)

Next Capital Management LLC acquired a new stake in Nuveen New Jersey Dividend Advantg Mncpl (NYSE:NXJ) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,550 shares of the company’s stock, valued at approximately $247,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Sit Investment Associates Inc. grew its holdings in shares of Nuveen New Jersey Dividend Advantg Mncpl by 23.9% in the first quarter. Sit Investment Associates Inc. now owns 845,579 shares of the company’s stock valued at $11,711,000 after purchasing an additional 162,870 shares during the period. Robinson Capital Management LLC grew its holdings in shares of Nuveen New Jersey Dividend Advantg Mncpl by 9.8% in the second quarter. Robinson Capital Management LLC now owns 361,544 shares of the company’s stock valued at $5,152,000 after purchasing an additional 32,125 shares during the period. Global Financial Private Capital LLC grew its holdings in shares of Nuveen New Jersey Dividend Advantg Mncpl by 289.0% in the first quarter. Global Financial Private Capital LLC now owns 97,450 shares of the company’s stock valued at $1,354,000 after purchasing an additional 72,400 shares during the period. Tortoise Investment Management LLC grew its holdings in shares of Nuveen New Jersey Dividend Advantg Mncpl by 11.9% in the first quarter. Tortoise Investment Management LLC now owns 75,324 shares of the company’s stock valued at $1,043,000 after purchasing an additional 8,000 shares during the period. Finally, Cetera Advisor Networks LLC purchased a new stake in shares of Nuveen New Jersey Dividend Advantg Mncpl in the first quarter valued at about $945,000.

Shares of NXJ traded down $0.05 during mid-day trading on Friday, reaching $14.67. The stock had a trading volume of 400 shares, compared to its average volume of 58,195. Nuveen New Jersey Dividend Advantg Mncpl has a 52-week low of $12.34 and a 52-week high of $14.82. The business’s fifty day moving average is $14.40 and its 200 day moving average is $13.91.

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th will be issued a $0.054 dividend. This represents a $0.65 dividend on an annualized basis and a dividend yield of 4.42%. The ex-dividend date of this dividend is Wednesday, August 14th.

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.

Further Reading: Are all No-Load Funds Equal?

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

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