International Assets Investment Management LLC acquired a new position in BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 111,543 shares of the financial services provider's stock, valued at approximately $13,530,000. International Assets Investment Management LLC owned about 0.21% of BlackRock MuniHoldings New Jersey Quality Fund as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of MUJ. Strategic Advisors LLC acquired a new position in BlackRock MuniHoldings New Jersey Quality Fund during the 3rd quarter worth about $2,182,000. Robinson Capital Management LLC lifted its stake in shares of BlackRock MuniHoldings New Jersey Quality Fund by 30.7% in the first quarter. Robinson Capital Management LLC now owns 346,333 shares of the financial services provider's stock worth $3,862,000 after acquiring an additional 81,384 shares during the period. TIAA Trust National Association bought a new stake in BlackRock MuniHoldings New Jersey Quality Fund in the second quarter valued at approximately $439,000. Private Portfolio Partners LLC increased its position in BlackRock MuniHoldings New Jersey Quality Fund by 41.5% during the 1st quarter. Private Portfolio Partners LLC now owns 57,172 shares of the financial services provider's stock valued at $665,000 after purchasing an additional 16,762 shares during the period. Finally, J.W. Cole Advisors Inc. raised its holdings in BlackRock MuniHoldings New Jersey Quality Fund by 8.6% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 202,369 shares of the financial services provider's stock worth $2,305,000 after purchasing an additional 15,996 shares during the last quarter. 15.13% of the stock is currently owned by institutional investors and hedge funds.
BlackRock MuniHoldings New Jersey Quality Fund Stock Up 0.2 %
Shares of NYSE MUJ traded up $0.02 during midday trading on Thursday, reaching $11.67. The stock had a trading volume of 105,601 shares, compared to its average volume of 95,407. The company's 50 day moving average price is $12.01 and its 200 day moving average price is $11.60. BlackRock MuniHoldings New Jersey Quality Fund, Inc. has a twelve month low of $9.92 and a twelve month high of $12.24.
BlackRock MuniHoldings New Jersey Quality Fund Increases Dividend
The company also recently announced a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be issued a $0.054 dividend. This is a positive change from BlackRock MuniHoldings New Jersey Quality Fund's previous monthly dividend of $0.05. The ex-dividend date is Tuesday, October 15th. This represents a $0.65 annualized dividend and a yield of 5.55%.
BlackRock MuniHoldings New Jersey Quality Fund Profile
(
Free Report)
BlackRock MuniHoldings New Jersey Quality Fund, Inc is a close ended fixed income mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in the fixed income markets of United States. The fund invests primarily in long-term, investment grade municipal obligations exempt from federal income taxes and New Jersey personal income taxes.
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