Sit Investment Associates Inc. Acquires 492,701 Shares of BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ)

Sit Investment Associates Inc. boosted its position in shares of BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ - Free Report) by 1,325.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 529,883 shares of the financial services provider's stock after acquiring an additional 492,701 shares during the quarter. Sit Investment Associates Inc. owned 0.98% of BlackRock MuniHoldings New Jersey Quality Fund worth $5,866,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN raised its holdings in shares of BlackRock MuniHoldings New Jersey Quality Fund by 4.7% in the 4th quarter. Wells Fargo & Company MN now owns 253,397 shares of the financial services provider's stock valued at $2,805,000 after purchasing an additional 11,474 shares during the period. Landscape Capital Management L.L.C. acquired a new position in BlackRock MuniHoldings New Jersey Quality Fund during the fourth quarter worth approximately $284,000. Mountain Hill Investment Partners Corp. bought a new stake in BlackRock MuniHoldings New Jersey Quality Fund in the fourth quarter valued at approximately $49,000. LPL Financial LLC lifted its position in shares of BlackRock MuniHoldings New Jersey Quality Fund by 1.0% in the fourth quarter. LPL Financial LLC now owns 112,147 shares of the financial services provider's stock valued at $1,241,000 after buying an additional 1,097 shares during the last quarter. Finally, Virtu Financial LLC bought a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund during the 4th quarter worth approximately $224,000. Institutional investors and hedge funds own 15.13% of the company's stock.

BlackRock MuniHoldings New Jersey Quality Fund Stock Down 0.5 %

Shares of MUJ stock traded down $0.06 during trading on Friday, reaching $10.71. 137,876 shares of the company's stock were exchanged, compared to its average volume of 113,034. The firm's fifty day moving average price is $11.37 and its 200-day moving average price is $11.53. BlackRock MuniHoldings New Jersey Quality Fund, Inc. has a twelve month low of $10.50 and a twelve month high of $12.24.

BlackRock MuniHoldings New Jersey Quality Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be issued a $0.054 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $0.65 annualized dividend and a yield of 6.05%.

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.