Advisors Asset Management Inc. cut its stake in Nuveen New Jersey Dividend Advantg Mncpl (NYSE:NXJ) by 12.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 207,743 shares of the company’s stock after selling 29,723 shares during the quarter. Advisors Asset Management Inc. owned approximately 0.49% of Nuveen New Jersey Dividend Advantg Mncpl worth $2,852,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. increased its stake in shares of Nuveen New Jersey Dividend Advantg Mncpl by 3.9% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 128,075 shares of the company’s stock worth $1,758,000 after acquiring an additional 4,787 shares during the last quarter. Deschutes Portfolio Strategy LLC increased its stake in shares of Nuveen New Jersey Dividend Advantg Mncpl by 5.3% in the third quarter. Deschutes Portfolio Strategy LLC now owns 483,351 shares of the company’s stock worth $6,636,000 after acquiring an additional 24,177 shares during the last quarter. Doliver Capital Advisors LP increased its stake 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 worth $583,000 after acquiring an additional 10,962 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of 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 worth $121,000 after acquiring an additional 29 shares during the last quarter. Finally, Laurion Capital Management LP acquired a new position in shares of Nuveen New Jersey Dividend Advantg Mncpl in the second quarter worth $431,000.

Nuveen New Jersey Dividend Advantg Mncpl (NYSE NXJ) traded down $0.02 during midday trading on Friday, hitting $13.57. 17,950 shares of the stock were exchanged, compared to its average volume of 70,632. Nuveen New Jersey Dividend Advantg Mncpl has a 1-year low of $12.90 and a 1-year high of $14.04.

The business also recently declared a monthly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th will be paid a $0.058 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 5.13%. The ex-dividend date is Tuesday, November 14th.

COPYRIGHT VIOLATION WARNING: This story was reported by Watch List News and is the property of of Watch List News. If you are accessing this story on another publication, it was stolen and republished in violation of United States and international trademark & copyright laws. The original version of this story can be accessed at https://www.watchlistnews.com/advisors-asset-management-inc-reduces-stake-in-nuveen-new-jersey-dividend-advantg-mncpl-nxj/1725941.html.

About Nuveen New Jersey Dividend Advantg Mncpl

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.

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

Receive News & Ratings for Nuveen New Jersey Dividend Advantg Mncpl Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nuveen New Jersey Dividend Advantg Mncpl and related companies with Analyst Ratings Network's FREE daily email newsletter.