Saba Capital Management L.P. trimmed its position in BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ - Free Report) by 53.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 330,964 shares of the financial services provider's stock after selling 382,186 shares during the quarter. Saba Capital Management L.P. owned 0.61% of BlackRock MuniHoldings New Jersey Quality Fund worth $3,664,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of MUJ. Sit Investment Associates Inc. increased its position in BlackRock MuniHoldings New Jersey Quality Fund by 1,325.1% during the 4th quarter. Sit Investment Associates Inc. now owns 529,883 shares of the financial services provider's stock worth $5,866,000 after purchasing an additional 492,701 shares in the last quarter. Guggenheim Capital LLC increased its position in shares of BlackRock MuniHoldings New Jersey Quality Fund by 5.3% in the fourth quarter. Guggenheim Capital LLC now owns 402,588 shares of the financial services provider's stock worth $4,457,000 after acquiring an additional 20,408 shares in the last quarter. Bank of America Corp DE increased its position in shares of BlackRock MuniHoldings New Jersey Quality Fund by 9.3% in the fourth quarter. Bank of America Corp DE now owns 383,621 shares of the financial services provider's stock worth $4,247,000 after acquiring an additional 32,776 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund during the 4th quarter valued at $3,387,000. Finally, Leigh Baldwin & CO. LLC acquired a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund during the 4th quarter valued at $2,967,000. 15.13% of the stock is owned by institutional investors and hedge funds.
BlackRock MuniHoldings New Jersey Quality Fund Stock Performance
NYSE MUJ remained flat at $10.83 during trading hours on Thursday. The company had a trading volume of 47,272 shares, compared to its average volume of 113,981. BlackRock MuniHoldings New Jersey Quality Fund, Inc. has a 52-week low of $10.50 and a 52-week high of $12.24. The business's fifty day moving average is $11.05 and its 200 day moving average is $11.33.
BlackRock MuniHoldings New Jersey Quality Fund Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th will be paid a $0.054 dividend. The ex-dividend date is Thursday, May 15th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 5.98%.
About BlackRock MuniHoldings New Jersey Quality Fund
(
Free Report)
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.
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