NXJ NUVEEN NEW JERSEY QUALITY MUNICIPAL INCOME FUND Insider Trading

Saba Capital, 10% owner of NXJ, sells 156,093 shares over two days for $1.9M at $12.22 avg

Saba Capital Management executed 2 separate sales totaling 156,093 shares for $1,906,988.55 on 2025-02-10 and 2025-02-11, reducing its stake by 3.3% from 4,681,219 shares to 4,525,126 shares. The blended average sale price of $12.22 sits marginally above the current price of $12.10 and within the 52-week range of $11.45–$13.06, with the stock currently 7.4% below its 52-week high. The insider's cross-ticker track record shows 12 prior buys against 8 prior sells, suggesting a longer-term accumulation bias rather than sustained exit activity. This discrete reduction of a significant but minority stake does not constitute full liquidation or a pattern shift in the insider's historical behavior.

10% Owner Saba Capital sells 95,567 shares (95.6K) for $1.2M at $12.09 avg in 2 transactions

Saba Capital Management, L.P., a 10% owner of Nuveen New Jersey Quality Municipal Income Fund, conducted 2 separate sales totaling 95,567 shares for $1,155,269.46 on January 16–17, 2025, reducing holdings from 5,041,939 shares to 4,946,372 shares (a 1.9% reduction). The blended average sale price of $12.09 is slightly below the current price of $12.24 and within the 52-week range of $11.45–$13.06. The fund's 30-day price change of +3.1% and 90-day change of -3.6% provide modest context, though this single transaction—representing a material but minority stake reduction—does not by itself signal a strategic shift given the holder's significant ongoing 4.95M share position. The sale warrants tracking against future filings and fund fundamentals to assess whether this reflects broader portfolio reallocation or circumstantial liquidity.

Saba Capital acquired 44,915 shares of NXJ at $12.08 on 2025-01-06; now holds 5,155,126 shares. 18-buy, 2-sell track record.

Saba Capital Management's purchase of 44,915 shares at $12.08 extends a strong buy-side pattern across its open-market history (18 prior buys versus 2 prior sells), establishing a consistent preference for accumulation. The timing occurs within the 52-week range of $11.45–$13.06, specifically -7.0% from the 52-week high, and follows a 30-day decline of -4.1% and 90-day decline of -5.7%, suggesting the transaction came during a period of recent price weakness. The post-transaction holding of 5,155,126 shares represents a +0.9% increase relative to the 5,110,211 shares held pre-transaction, a modest addition to an already substantial position. Investors should note the underlying pattern: a consistent accumulator with a 9:1 buy-to-sell ratio continues to purchase in a down-trending environment.

Saba Capital sells 83,415 shares (83.4K shares) of NXJ for $1,058,723.01 in 2 transactions at $12.70–$12.69

Saba Capital Management sold 83,415 shares across two transactions on 2024-12-03 and 2024-12-04 at an average price of $12.69, representing a -1.5% reduction of its 5.59M share pre-transaction holding. The insider remains a substantial 10% owner with 5,507,193 shares post-transaction. This sale occurs within the 52-week price range, at -3.2% from the 52-week high, after a +2.5% 30-day gain. Notably, Saba's cross-ticker track record shows only 3 prior open-market sells against 17 prior buys, suggesting sells are infrequent actions by this insider. The modest position reduction—1.5% of holdings—and sustained 10% ownership stake indicate no wholesale exit or loss of confidence.