BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) Shares Sold by AQR Arbitrage LLC

AQR Arbitrage LLC decreased its holdings in shares of BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ - Free Report) by 89.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,225 shares of the financial services provider's stock after selling 132,721 shares during the quarter. AQR Arbitrage LLC's holdings in BlackRock MuniHoldings New Jersey Quality Fund were worth $169,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of MUJ. Sit Investment Associates Inc. grew its position in BlackRock MuniHoldings New Jersey Quality Fund by 1,325.1% in the 4th quarter. Sit Investment Associates Inc. now owns 529,883 shares of the financial services provider's stock valued at $5,866,000 after acquiring an additional 492,701 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund in the fourth quarter worth about $3,387,000. Breakwater Capital Group increased its stake in BlackRock MuniHoldings New Jersey Quality Fund by 69.2% in the 4th quarter. Breakwater Capital Group now owns 90,678 shares of the financial services provider's stock worth $1,004,000 after buying an additional 37,076 shares during the period. Noble Wealth Management PBC purchased a new stake in shares of BlackRock MuniHoldings New Jersey Quality Fund in the fourth quarter valued at approximately $388,000. Finally, Landscape Capital Management L.L.C. bought a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund during the fourth quarter valued at approximately $284,000. 15.13% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock MuniHoldings New Jersey Quality Fund Stock Up 0.2 %

Shares of NYSE:MUJ traded up $0.03 during trading on Wednesday, reaching $11.16. The stock had a trading volume of 22,215 shares, compared to its average volume of 113,004. BlackRock MuniHoldings New Jersey Quality Fund, Inc. has a one year low of $10.50 and a one year high of $12.24. The firm's 50-day simple moving average is $11.16 and its 200 day simple moving average is $11.38.

BlackRock MuniHoldings New Jersey Quality Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, June 2nd. Investors of record on Thursday, May 15th will be given a dividend of $0.054 per share. The ex-dividend date is Thursday, May 15th. This represents a $0.65 dividend on an annualized basis and a yield of 5.81%.

About BlackRock MuniHoldings New Jersey Quality Fund

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.