Nuveen New Jersey Quality Municipal Income Fund

Nuveen New Jersey Quality Municipal Income Fundverified

NXJ

Price:

$12.98

Market Cap:

$535.20M

Nuveen New Jersey Quality Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc. The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of New Jersey. The fund invests in undervalued municipal securities and other related investments that are, exempt from regular federal and New Jersey income taxes that are rated Baa or BBB or better. It employs fundamental analysis with bottom-up stock picking approach to create its portfolio. The fund benchmarks the performance of its portfolio against the Standard & Poor's (S&P) New Jersey Municipal Bond Index. The fund was formerly known as...[Read more]

Industry

Asset Management - Income

IPO Date

2002-09-12

Stock Exchange

NYSE

Ticker

NXJ

The ROE as of September 2024 (TTM) for Nuveen New Jersey Quality Municipal Income Fund (NXJ) is 6.59%

According to Nuveen New Jersey Quality Municipal Income Fund’s latest financial reports and current stock price. The company's current ROE is 6.59%. This represents a change of 11.57% compared to the average of 0.00% of the last 4 quarters.

Nuveen New Jersey Quality Municipal Income Fund (NXJ) Historical ROE (quarterly & annually)

How has NXJ ROE performed in the past?

The mean historical ROE of Nuveen New Jersey Quality Municipal Income Fund over the last ten years is 2.59%. The current 6.59% ROE has changed 154.32% with respect to the historical average. Over the past ten years (40 quarters), NXJ's ROE was at its highest in in the May 2019 quarter at 4.72%. The ROE was at its lowest in in the July 2013 quarter at -4.40%.

Quarterly (TTM)
Annual

Average

2.59%

Median

3.86%

Minimum

-11.75%

Maximum

13.33%

Nuveen New Jersey Quality Municipal Income Fund (NXJ) ROE by Quarter and Year

Discovering the peaks and valleys of Nuveen New Jersey Quality Municipal Income Fund ROE, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 2.13%

Maximum Annual ROE = 13.33%

Minimum Annual Increase = -337.41%

Minimum Annual ROE = -11.75%

Quarterly (TTM)
Annual
YearROEChange
20246.49%-155.19%
2023-11.75%634.03%
2022-1.60%2.13%
2021-0.07%-100.54%
202013.33%154.43%
20195.24%-6.14%
20185.58%-306.80%
2017-2.70%-130.17%
20168.95%261.78%
20152.47%-337.41%

Nuveen New Jersey Quality Municipal Income Fund (NXJ) Average ROE

How has NXJ ROE performed in the past?

The current ROE of Nuveen New Jersey Quality Municipal Income Fund (NXJ) is greater than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

-2.29%

5-year avg

1.28%

10-year avg

2.59%

Nuveen New Jersey Quality Municipal Income Fund (NXJ) ROE vs. Peers

How is NXJ’s ROE compared to its peers?

Nuveen New Jersey Quality Municipal Income Fund’s ROE is less than BlackRock MuniVest Fund, Inc. (4.18%), greater than BlackRock Municipal Income Fund, Inc. (-0.11%), less than BlackRock MuniYield Quality Fund III, Inc. (4.41%), greater than BlackRock MuniYield Quality Fund, Inc. (-0.03%), less than The Gabelli Equity Trust Inc. (17.75%), less than Virtus Convertible & Income Fund (2.21%), less than The Gabelli Equity Trust Inc. PFD-G (17.75%), less than Oxford Lane Capital Corp. (38.73%), greater than The Gabelli Utility Trust (-6.64%), less than The Gabelli Multimedia Trust Inc. 5.125% PFD SER E (14.43%), greater than Nuveen Short Duration Credit Opportunities Fund (-5.65%), less than Nuveen Core Equity Alpha Fund (19.82%), less than PGIM Short Duration High Yield Opportunities Fund (6.13%),

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