Nuveen New Jersey Quality Municipal Income FundNXJ
Market Cap: $536M
About: Nuveen New Jersey Quality Municipal Income Fund is a closed-end investment management company. Its objective is to provide current income exempt from regular federal and New Jersey income tax and to enhance portfolio value relative to the municipal bond market by investing in tax-exempt municipal bonds that the Fund's investment adviser believes are underrated or undervalued or that represent municipal market sectors that are undervalued.
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
35% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 17
2% more capital invested
Capital invested by funds: $154M [Q1] → $158M (+$3.63M) [Q2]
0.39% more ownership
Funds ownership: 30.78% [Q1] → 31.16% (+0.39%) [Q2]
5% less funds holding
Funds holding: 59 [Q1] → 56 (-3) [Q2]
50% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 6
Research analyst outlook
We haven’t received any recent analyst ratings for NXJ.