Form 4: Saba Capital Management Reports Transaction in Nuveen New Jersey Quality Municipal Income Fund
SEC Form 4
Saba Capital Management, a 10% owner of Nuveen New Jersey Quality Municipal Income Fund, reports the disposition of 19,153 shares of common stock.
Summary
- On October 29, 2024, Saba Capital Management, L.P., disposed of 19,153 shares of common stock in Nuveen New Jersey Quality Municipal Income Fund (NXJ).
- The transaction was executed at a price of $12.4 per share.
- Following the transaction, Saba Capital Management, L.P. indirectly owns 5,915,801 shares.
Sentiment
Score: 5
Explanation: This is a routine disclosure of a stock transaction, so the sentiment is neutral.
Industry Context
Form 4 filings are standard disclosures required by the SEC when insiders or significant shareholders (owning 10% or more of a company's shares) trade in their company's stock. This filing indicates a change in Saba Capital Management's holdings in Nuveen New Jersey Quality Municipal Income Fund.
Stakeholder Impact
- The disposition of shares by a major shareholder like Saba Capital Management could potentially influence investor sentiment regarding Nuveen New Jersey Quality Municipal Income Fund.
Key Dates
| Date | Description |
|---|---|
| 10/29/2024 | Date of transaction: Saba Capital Management disposed of shares. |
| 10/31/2024 | Date of signature for the report. |
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