BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) Position Lessened by Robinson Capital Management LLC

Robinson Capital Management LLC cut its stake in shares of BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ - Free Report) by 11.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 427,670 shares of the financial services provider's stock after selling 53,200 shares during the quarter. BlackRock MuniHoldings New Jersey Quality Fund accounts for 1.9% of Robinson Capital Management LLC's portfolio, making the stock its 20th largest holding. Robinson Capital Management LLC owned 0.79% of BlackRock MuniHoldings New Jersey Quality Fund worth $4,734,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Traphagen Investment Advisors LLC acquired a new stake in shares of BlackRock MuniHoldings New Jersey Quality Fund in the fourth quarter worth $123,000. Janney Montgomery Scott LLC acquired a new stake in shares of BlackRock MuniHoldings New Jersey Quality Fund in the fourth quarter worth $201,000. Sanctuary Advisors LLC acquired a new stake in shares of BlackRock MuniHoldings New Jersey Quality Fund in the fourth quarter worth $237,000. Private Advisor Group LLC boosted its position in shares of BlackRock MuniHoldings New Jersey Quality Fund by 28.1% in the third quarter. Private Advisor Group LLC now owns 19,828 shares of the financial services provider's stock worth $241,000 after buying an additional 4,353 shares during the period. Finally, Pine Valley Investments Ltd Liability Co boosted its position in shares of BlackRock MuniHoldings New Jersey Quality Fund by 5.5% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 26,869 shares of the financial services provider's stock worth $327,000 after buying an additional 1,400 shares during the period. 15.13% of the stock is owned by institutional investors.

BlackRock MuniHoldings New Jersey Quality Fund Stock Performance

Shares of BlackRock MuniHoldings New Jersey Quality Fund stock traded up $0.05 during midday trading on Friday, hitting $11.57. The company's stock had a trading volume of 24,915 shares, compared to its average volume of 106,497. The stock has a 50-day simple moving average of $11.30 and a 200-day simple moving average of $11.68. BlackRock MuniHoldings New Jersey Quality Fund, Inc. has a 1-year low of $10.97 and a 1-year high of $12.24.

BlackRock MuniHoldings New Jersey Quality Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be given a $0.054 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.65 annualized dividend and a dividend yield of 5.60%.

BlackRock MuniHoldings New Jersey Quality Fund Profile

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.