Sit Investment Associates Inc. Increases Holdings in Nuveen New Jersey Dividend Advantg Mncpl (NXJ)

Sit Investment Associates Inc. raised its stake in Nuveen New Jersey Dividend Advantg Mncpl (NYSE:NXJ) by 10.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 246,278 shares of the company’s stock after buying an additional 22,520 shares during the quarter. Sit Investment Associates Inc. owned about 0.58% of Nuveen New Jersey Dividend Advantg Mncpl worth $3,373,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in NXJ. PNC Financial Services Group Inc. lifted its stake in Nuveen New Jersey Dividend Advantg Mncpl by 0.3% in the second quarter. PNC Financial Services Group Inc. now owns 8,813 shares of the company’s stock valued at $121,000 after buying an additional 29 shares in the last quarter. Ameriprise Financial Inc. acquired a new stake in shares of Nuveen New Jersey Dividend Advantg Mncpl in the second quarter valued at approximately $146,000. Private Advisor Group LLC acquired a new stake in shares of Nuveen New Jersey Dividend Advantg Mncpl in the second quarter valued at approximately $252,000. Laurion Capital Management LP acquired a new stake in shares of Nuveen New Jersey Dividend Advantg Mncpl in the second quarter valued at approximately $431,000. Finally, Doliver Capital Advisors LP raised its holdings in shares of Nuveen New Jersey Dividend Advantg Mncpl by 34.7% in the second quarter. Doliver Capital Advisors LP now owns 42,531 shares of the company’s stock valued at $583,000 after purchasing an additional 10,962 shares during the last quarter.

Shares of Nuveen New Jersey Dividend Advantg Mncpl (NYSE NXJ) opened at $13.54 on Friday. Nuveen New Jersey Dividend Advantg Mncpl has a fifty-two week low of $12.95 and a fifty-two week high of $14.04.

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Friday, January 12th will be issued a $0.058 dividend. The ex-dividend date of this dividend is Thursday, January 11th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 5.14%.

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Nuveen New Jersey Dividend Advantg Mncpl Company Profile

Nuveen New Jersey Quality Municipal Income Fund, formerly Nuveen New Jersey Dividend Advantage Municipal Fund, is a diversified, closed-end management investment fund. The Fund’s investment objective is to provide current income exempt from both regular federal and New Jersey income taxes by investing in a portfolio of municipal obligations issued by state and local government authorities within a single state or certain the United States territories.

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

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