Nuveen New Jersey Quality Municipal Income Fund (NXJ)

• Market cap: $489M
• 1 day: -0.59%
• 5 days: -3.65%
• 1 month: -2.78%
• 3 months: -8.62%
• 6 months: -2.06%
• Year to date: 0.59%
• 1 year: 1.02%
• 5 years: -18.31%
• 10 years: -11.88%

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. The company invests a majority of its managed assets in securities rated, at the time of investment, investment grade or, if the bonds are unrated, are judged by the manager to be of comparable quality.

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

71% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 7

9% more funds holding

Funds holding: 56 [Q2] → 61 (+5) [Q3]

4% less capital invested

Capital invested by funds: $160M [Q2] → $153M (-$6.75M) [Q3]

3.24% less ownership

Funds ownership: 31.57% [Q2] → 28.32% (-3.24%) [Q3]

15% less repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 20