Saba Capital Administration, L.P., a big shareholder within the Nuveen New Jersey High quality Municipal Revenue Fund (NYSE:NXJ), lately offered 25,950 shares of the fund. The transaction, which passed off on December 20, 2024, concerned shares offered at a value of $11.96 every, leading to a complete worth of $310,362. The fund, at the moment buying and selling at $11.87, provides a sexy dividend yield of seven.94% and has maintained dividend funds for twenty-four consecutive years, in line with InvestingPro information. Following this sale, Saba Capital Administration retains possession of 5,334,703 shares not directly. The transaction was signed off by Zachary Gindes on behalf of Saba Capital Administration and by Boaz Weinstein. InvestingPro evaluation signifies the inventory is at the moment buying and selling close to its 52-week low with comparatively low volatility (Beta: 0.51), with extra technical indicators and valuation metrics obtainable to subscribers.
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