Robinson Capital Management LLC Sells 277,294 Shares of BlackRock MuniHoldings New Jersey Quality Fund, Inc. $MUJ

Key Points

• Robinson Capital Management cut its MUJ stake by 74.7% in the second quarter, selling 277,294 shares and retaining 94,038 shares worth approximately $1.16 million.
• Several other institutional investors increased their positions, while institutional ownership of BlackRock MuniHoldings New Jersey Quality Fund stood at 15.13%.
• MUJ shares opened at $12.01, down 0.5%, with a 52-week range of $11.23 to $12.68. The closed-end fund targets tax-exempt income through investment-grade New Jersey municipal securities.

Robinson Capital Management LLC lessened its stake in shares of BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ - Free Report) by 74.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 94,038 shares of the financial services provider's stock after selling 277,294 shares during the period. Robinson Capital Management LLC owned 0.18% of BlackRock MuniHoldings New Jersey Quality Fund worth $1,158,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Fiera Capital Corp boosted its holdings in shares of BlackRock MuniHoldings New Jersey Quality Fund by 51.8% during the 4th quarter. Fiera Capital Corp now owns 394,623 shares of the financial services provider's stock worth $4,696,000 after buying an additional 134,600 shares during the period. Guggenheim Capital LLC raised its holdings in BlackRock MuniHoldings New Jersey Quality Fund by 18.4% in the 4th quarter. Guggenheim Capital LLC now owns 552,534 shares of the financial services provider's stock worth $6,575,000 after acquiring an additional 85,935 shares during the period. LPL Financial LLC lifted its position in BlackRock MuniHoldings New Jersey Quality Fund by 19.5% during the 4th quarter. LPL Financial LLC now owns 229,167 shares of the financial services provider's stock worth $2,727,000 after acquiring an additional 37,445 shares during the last quarter. Cetera Investment Advisers lifted its position in BlackRock MuniHoldings New Jersey Quality Fund by 59.5% during the 4th quarter. Cetera Investment Advisers now owns 97,864 shares of the financial services provider's stock worth $1,165,000 after acquiring an additional 36,513 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in BlackRock MuniHoldings New Jersey Quality Fund by 21.2% during the fourth quarter. Wells Fargo & Company MN now owns 189,563 shares of the financial services provider's stock valued at $2,256,000 after acquiring an additional 33,221 shares during the period. Institutional investors own 15.13% of the company's stock.

BlackRock MuniHoldings New Jersey Quality Fund Trading Down 0.5%

BlackRock MuniHoldings New Jersey Quality Fund stock opened at $12.01 on Thursday. The business's 50-day simple moving average is $12.18 and its 200-day simple moving average is $12.17. BlackRock MuniHoldings New Jersey Quality Fund, Inc. has a 52 week low of $11.23 and a 52 week high of $12.68.

BlackRock MuniHoldings New Jersey Quality Fund Profile

BlackRock MuniHoldings New Jersey Quality Fund NYSE: MUJ is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from federal and New Jersey state income taxes. The fund primarily invests in investment-grade municipal securities issued by or on behalf of the State of New Jersey and its municipalities, authorities, and instrumentalities. By concentrating on high-quality New Jersey public finance obligations, MUJ aims to offer tax-efficient income for investors with exposure to the state's credit profile.

The fund's portfolio is actively managed by BlackRock's municipal fixed income team, which conducts credit analysis and sector allocation to identify opportunities within New Jersey's diverse municipal marketplace.

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