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Saba Capital Administration, L.P., a outstanding funding agency led by Boaz Weinstein, has elevated its holdings within the Nuveen New Jersey High quality Municipal Earnings Fund (NYSE:NXJ). The fund, which affords a considerable 7.8% dividend yield and has maintained dividend funds for 25 consecutive years in response to InvestingPro, demonstrates outstanding stability with a beta of 0.52. The agency acquired a further 44,915 shares of widespread inventory at a worth of $12.08 per share, totaling roughly $542,573. Following this transaction, Saba Capital now holds a complete of 5,155,126 shares within the fund, representing a big place on this $498.92M market cap car. This transfer underscores Saba Capital’s continued curiosity in municipal revenue funds, notably these centered on New Jersey. InvestingPro evaluation reveals 4 extra key insights about NXJ’s monetary well being and market place.
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