Strategic Advisors LLC Invests $2.09 Million in BlackRock MuniHoldings New Jersey Quality Fund, Inc. $MUJ

Strategic Advisors LLC purchased a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) during the third quarter, Holdings Channel reports. The firm purchased 180,238 shares of the financial services provider’s stock, valued at approximately $2,089,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MUJ. Bank of Montreal Can grew its position in shares of BlackRock MuniHoldings New Jersey Quality Fund by 5.7% during the second quarter. Bank of Montreal Can now owns 20,770 shares of the financial services provider’s stock worth $227,000 after acquiring an additional 1,120 shares during the last quarter. Royal Bank of Canada grew its position in BlackRock MuniHoldings New Jersey Quality Fund by 2.8% during the 1st quarter. Royal Bank of Canada now owns 51,595 shares of the financial services provider’s stock worth $580,000 after purchasing an additional 1,400 shares during the last quarter. PFG Investments LLC increased its stake in BlackRock MuniHoldings New Jersey Quality Fund by 11.3% in the second quarter. PFG Investments LLC now owns 19,773 shares of the financial services provider’s stock valued at $217,000 after purchasing an additional 2,000 shares during the period. Peapack Gladstone Financial Corp raised its holdings in shares of BlackRock MuniHoldings New Jersey Quality Fund by 8.3% in the second quarter. Peapack Gladstone Financial Corp now owns 32,859 shares of the financial services provider’s stock valued at $360,000 after buying an additional 2,522 shares during the last quarter. Finally, Wealth Effects LLC boosted its stake in shares of BlackRock MuniHoldings New Jersey Quality Fund by 11.2% during the third quarter. Wealth Effects LLC now owns 34,794 shares of the financial services provider’s stock worth $403,000 after buying an additional 3,500 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

NYSE MUJ opened at $12.17 on Thursday. The business’s 50-day moving average price is $12.02 and its 200 day moving average price is $11.55. BlackRock MuniHoldings New Jersey Quality Fund, Inc. has a 52-week low of $10.50 and a 52-week high of $12.22.

BlackRock MuniHoldings New Jersey Quality Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 13th will be issued a dividend of $0.054 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a c) annualized dividend and a dividend yield of 5.3%.

BlackRock MuniHoldings New Jersey Quality Fund Company 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.