Nuveen New Jersey Dividend Advantage Municipal Fund (NYSE:NXJ) Stock Price While Sentiment Worsens

June 18, 2018 - By Dolores Ford

Sentiment for Nuveen New Jersey Dividend Advantage Municipal Fund (NYSE:NXJ)

Nuveen New Jersey Dividend Advantage Municipal Fund (NYSE:NXJ) institutional sentiment decreased to 1.54 in 2018 Q1. Its down -2.79, from 4.33 in 2017Q4. The ratio is negative, as 20 investment professionals increased and opened new positions, while 13 sold and reduced stock positions in Nuveen New Jersey Dividend Advantage Municipal Fund. The investment professionals in our partner’s database now hold: 3.63 million shares, down from 6.53 million shares in 2017Q4. Also, the number of investment professionals holding Nuveen New Jersey Dividend Advantage Municipal Fund in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 2 Reduced: 11 Increased: 13 New Position: 7.

The stock increased 0.15% or $0.02 during the last trading session, reaching $12.96. About 11,212 shares traded. Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ) has declined 4.69% since June 18, 2017 and is downtrending. It has underperformed by 17.26% the S&P500.

Robinson Capital Management Llc holds 1.26% of its portfolio in Nuveen New Jersey Quality Municipal Income Fund for 311,141 shares. Edge Wealth Management Llc owns 141,120 shares or 0.49% of their US portfolio. Moreover, Brick & Kyle Associates has 0.35% invested in the company for 33,133 shares. The New Jersey-based Lucas Capital Management has invested 0.31% in the stock. Brave Asset Management Inc, a New Jersey-based fund reported 16,983 shares.

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