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.

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