Categories: Insider Trading News

Saba capital administration sells $1.16 million in Nuveen New Jersey fund shares


Saba Capital Administration, L.P., a big stakeholder in Nuveen New Jersey High quality Municipal Revenue Fund (NYSE:NXJ), a $504 million market cap fund identified for its spectacular 7.77% dividend yield, has reported the sale of shares valued at roughly $1.16 million. The transactions occurred over two days, with the agency promoting 50,043 shares on January 16 at a value of $12.06 per share and 45,524 shares on January 17 at $12.12 per share.

Following these transactions, Saba Capital Administration now holds a complete of 4,946,372 shares within the fund. These gross sales have been executed underneath oblique possession, as famous within the latest SEC submitting.

This text was generated with the help of AI and reviewed by an editor. For extra data see our T&C.

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