Saba Capital Administration, L.P. and Boaz Weinstein, each vital shareholders of Nuveen New Jersey High quality Municipal Earnings Fund (NYSE:NXJ), just lately reported transactions involving the sale of widespread inventory. The fund, presently valued at $498.09 million, has maintained constant dividend funds for 25 consecutive years, in keeping with InvestingPro knowledge. Based on the SEC submitting, the gross sales occurred over two consecutive days in early January 2025.
On January 2, 2025, a complete of 28,992 shares have been offered at a worth of $12.09 per share. The next day, January 3, noticed an extra 44,195 shares offered at $12.14 per share. These transactions amounted to a mixed whole of $887,040. The present share worth of $12.08 sits close to its 52-week vary of $11.45 to $13.13, with the fund providing a beautiful 7.73% dividend yield.
After these gross sales, the shareholders reported proudly owning 5,200,041 shares of the fund, indicating a big stake stays of their possession. Each Saba Capital Administration and Boaz Weinstein are acknowledged as ten % homeowners of the fund. With a beta of 0.52, InvestingPro evaluation exhibits the fund usually trades with low volatility in comparison with the broader market.
This text was generated with the help of AI and reviewed by an editor. For extra data see our T&C.
Unwary travellers coming back from the EU threat having their sandwiches and native delicacies, reminiscent…
(Bloomberg) -- President Donald Trump would put the credibility of the greenback on the road…
(Bloomberg) -- Till lately, oil merchants complained that it was nearly unimaginable to wring income…
(Bloomberg) -- Till just lately, oil merchants complained that it was nearly inconceivable to wring…
A media business veteran who has helped negotiate a string of broadcast rights offers throughout…
Coca-Cola is one among UBS's high picks within the client staples sector.Firdous Nazir/NurPhoto by way…