Breakwater Capital Group Raises Stock Position in BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ)

Breakwater Capital Group increased its stake in BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) by 180.8% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 65,954 shares of the financial services provider’s stock after acquiring an additional 42,462 shares during the quarter. Breakwater Capital Group owned approximately 0.12% of BlackRock MuniHoldings New Jersey Quality Fund worth $767,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of MUJ. Karpus Management Inc. purchased a new stake in shares of BlackRock MuniHoldings New Jersey Quality Fund during the fourth quarter worth $3,460,000. Robinson Capital Management LLC grew its holdings in shares of BlackRock MuniHoldings New Jersey Quality Fund by 210.0% in the fourth quarter. Robinson Capital Management LLC now owns 264,949 shares of the financial services provider’s stock valued at $3,023,000 after purchasing an additional 179,469 shares during the period. AQR Arbitrage LLC grew its holdings in shares of BlackRock MuniHoldings New Jersey Quality Fund by 78.0% in the third quarter. AQR Arbitrage LLC now owns 312,797 shares of the financial services provider’s stock valued at $3,166,000 after purchasing an additional 137,028 shares during the period. International Assets Investment Management LLC purchased a new stake in shares of BlackRock MuniHoldings New Jersey Quality Fund in the fourth quarter valued at about $11,700,000. Finally, Mackay Shields LLC grew its holdings in shares of BlackRock MuniHoldings New Jersey Quality Fund by 3.6% in the fourth 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 period. Hedge funds and other institutional investors own 15.13% of the company’s stock.

BlackRock MuniHoldings New Jersey Quality Fund Trading Up 0.2 %

Shares of MUJ traded up $0.02 during mid-day trading on Friday, reaching $11.39. The stock had a trading volume of 71,170 shares, compared to its average volume of 92,434. BlackRock MuniHoldings New Jersey Quality Fund, Inc. has a 52-week low of $9.73 and a 52-week high of $11.70. The business’s fifty day moving average is $11.26 and its 200 day moving average is $11.39.

BlackRock MuniHoldings New Jersey Quality Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be issued a $0.05 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.27%. The ex-dividend date of this dividend is Friday, June 14th.

BlackRock MuniHoldings New Jersey Quality Fund Company Profile

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.