BlackRock MuniHoldings New Jersey Quality Fund, Inc. $MUJ Shares Sold by Sit Investment Associates Inc.

Sit Investment Associates Inc. trimmed its stake in BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) by 89.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 37,182 shares of the financial services provider’s stock after selling 300,036 shares during the period. Sit Investment Associates Inc.’s holdings in BlackRock MuniHoldings New Jersey Quality Fund were worth $442,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of MUJ. Virtu Financial LLC purchased a new stake in shares of BlackRock MuniHoldings New Jersey Quality Fund during the fourth quarter valued at $184,000. NewEdge Advisors LLC increased its stake in BlackRock MuniHoldings New Jersey Quality Fund by 35.1% in the 4th quarter. NewEdge Advisors LLC now owns 25,007 shares of the financial services provider’s stock worth $298,000 after purchasing an additional 6,501 shares in the last quarter. Guggenheim Capital LLC increased its stake 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 purchasing an additional 85,935 shares in the last quarter. Cetera Investment Advisers raised its holdings 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 buying an additional 36,513 shares during the period. Finally, Equitable Holdings Inc. raised its holdings in BlackRock MuniHoldings New Jersey Quality Fund by 92.9% during the 4th quarter. Equitable Holdings Inc. now owns 21,149 shares of the financial services provider’s stock worth $252,000 after buying an additional 10,184 shares during the period. 15.13% of the stock is owned by institutional investors and hedge funds.

BlackRock MuniHoldings New Jersey Quality Fund Stock Down 0.2%

MUJ stock opened at $12.31 on Friday. BlackRock MuniHoldings New Jersey Quality Fund, Inc. has a one year low of $10.66 and a one year high of $12.68. The firm has a 50-day moving average of $12.18 and a two-hundred day moving average of $12.14.

BlackRock MuniHoldings New Jersey Quality Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.054 per share. The ex-dividend date is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 5.3%.

About BlackRock MuniHoldings New Jersey Quality Fund

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.