Nuveen New Jersey Quality Municipal Income Fund — Cyborg Score 6/10
Solid
Closed-End Municipal Bond Funds / Asset Management
Strategic Profile
The fund employs fundamental analysis with bottom-up stock picking approach to create its portfolio. The fund seeks to provide current income exempt from regular federal and New Jersey income tax and to enhance portfolio value. As a closed-end fund, it trades on the NYSE with a current market cap of approximately $520M.
Cyborg Score Rationale
NXJ demonstrates stable closed-end fund operations with consistent dividend distributions (7.46% yield). However, the fund shows negative net income and negative EPS (-0.48), which is typical for dividend-focused closed-end funds trading at a premium/discount. The specialized focus on New Jersey municipal bonds limits diversification but serves a specific investor demographic seeking tax-advantaged income.
Top Insights
Forward dividend yield is 7.46% with regular monthly distributions
Fund established June 1, 1999 with a 25+ year track record
Co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC
Closed-end fund structure allows for leveraged portfolio management and consistent distributions regardless of market conditions
Named Competitors
Pennsylvania Quality Municipal Income Fund — State-specific municipal bond fund
Missouri Quality Municipal Income Fund — State-specific municipal bond fund
iShares National Muni Bond ETF — Broad-based municipal bond exposure
Recent Developments
(May 2026) Fund trading at $12.61 per share with 52-week range of $11.01-$12.90
(December 2025) Ex-dividend date for distribution payments to shareholders
(January 2026) Trailing total returns showed 12.13% performance vs S&P 500 at 1.06%
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