Nuveen New Jersey Dividend Advantg Mncpl (NYSE:NXJ) shares reached a new 52-week high during trading on Monday . The company traded as high as $13.37 and last traded at $13.36, with a volume of 600 shares changing hands. The stock had previously closed at $13.35.

The company also recently announced a monthly dividend, which will be paid on Friday, March 1st. Stockholders of record on Friday, February 15th will be given a dividend of $0.0545 per share. The ex-dividend date is Thursday, February 14th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 4.89%.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Boenning & Scattergood Inc. boosted its position in shares of Nuveen New Jersey Dividend Advantg Mncpl by 29.5% during the 4th quarter. Boenning & Scattergood Inc. now owns 30,785 shares of the company’s stock valued at $392,000 after acquiring an additional 7,007 shares during the last quarter. Sit Investment Associates Inc. boosted its position in shares of Nuveen New Jersey Dividend Advantg Mncpl by 153.6% during the 4th quarter. Sit Investment Associates Inc. now owns 682,709 shares of the company’s stock valued at $8,698,000 after acquiring an additional 413,531 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of Nuveen New Jersey Dividend Advantg Mncpl by 6.2% during the 3rd quarter. Wells Fargo & Company MN now owns 1,024,740 shares of the company’s stock valued at $13,168,000 after acquiring an additional 59,427 shares during the last quarter. Round Table Services LLC bought a new position in shares of Nuveen New Jersey Dividend Advantg Mncpl during the 3rd quarter valued at approximately $154,000. Finally, Mariner Investment Group LLC lifted its position in Nuveen New Jersey Dividend Advantg Mncpl by 6.2% in the third quarter. Mariner Investment Group LLC now owns 70,080 shares of the company’s stock worth $901,000 after buying an additional 4,102 shares during the last quarter.

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About Nuveen New Jersey Dividend Advantg Mncpl (NYSE:NXJ)

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.

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