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

Robinson Capital Management LLC increased its holdings in BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ - Free Report) by 210.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 264,949 shares of the financial services provider's stock after acquiring an additional 179,469 shares during the quarter. Robinson Capital Management LLC owned approximately 0.49% of BlackRock MuniHoldings New Jersey Quality Fund worth $3,023,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Saba Capital Management L.P. raised its holdings in shares of BlackRock MuniHoldings New Jersey Quality Fund by 123.2% in the third quarter. Saba Capital Management L.P. now owns 796,977 shares of the financial services provider's stock valued at $8,065,000 after buying an additional 439,949 shares during the last quarter. AQR Arbitrage LLC raised its stake in BlackRock MuniHoldings New Jersey Quality Fund by 78.0% during the 3rd quarter. AQR Arbitrage LLC now owns 312,797 shares of the financial services provider's stock valued at $3,166,000 after acquiring an additional 137,028 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in BlackRock MuniHoldings New Jersey Quality Fund during the 4th quarter worth approximately $11,700,000. Mackay Shields LLC grew its stake in shares of BlackRock MuniHoldings New Jersey Quality Fund by 3.6% in the 4th quarter. Mackay Shields LLC now owns 1,039,078 shares of the financial services provider's stock valued at $11,856,000 after purchasing an additional 36,035 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its holdings in shares of BlackRock MuniHoldings New Jersey Quality Fund by 13.7% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 278,019 shares of the financial services provider's stock valued at $3,172,000 after purchasing an additional 33,546 shares during the period. Hedge funds and other institutional investors own 15.13% of the company's stock.

BlackRock MuniHoldings New Jersey Quality Fund Price Performance

Shares of NYSE MUJ traded down $0.02 during mid-day trading on Friday, hitting $11.27. 93,343 shares of the company were exchanged, compared to its average volume of 75,704. The stock has a 50 day simple moving average of $11.35 and a 200-day simple moving average of $11.30. BlackRock MuniHoldings New Jersey Quality Fund, Inc. has a 1-year low of $9.73 and a 1-year high of $11.70.

BlackRock MuniHoldings New Jersey Quality Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 15th will be given a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.60 dividend on an annualized basis and a yield of 5.32%.

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.