Robinson Capital Management LLC Has $4.73 Million Stock Position in BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ)

Robinson Capital Management LLC lowered its stake in BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) by 11.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 427,670 shares of the financial services provider’s stock after selling 53,200 shares during the quarter. BlackRock MuniHoldings New Jersey Quality Fund accounts for approximately 1.9% of Robinson Capital Management LLC’s portfolio, making the stock its 20th largest position. Robinson Capital Management LLC owned approximately 0.79% of BlackRock MuniHoldings New Jersey Quality Fund worth $4,734,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. J.W. Cole Advisors Inc. grew its stake in shares of BlackRock MuniHoldings New Jersey Quality Fund by 3.0% in the 4th quarter. J.W. Cole Advisors Inc. now owns 251,955 shares of the financial services provider’s stock valued at $2,789,000 after buying an additional 7,390 shares during the period. International Assets Investment Management LLC bought a new position in BlackRock MuniHoldings New Jersey Quality Fund in the third quarter worth approximately $13,530,000. Breakwater Capital Group grew its stake in BlackRock MuniHoldings New Jersey Quality Fund by 69.2% in the fourth quarter. Breakwater Capital Group now owns 90,678 shares of the financial services provider’s stock valued at $1,004,000 after acquiring an additional 37,076 shares during the period. Pine Valley Investments Ltd Liability Co increased its holdings in shares of BlackRock MuniHoldings New Jersey Quality Fund by 5.5% during the third quarter. Pine Valley Investments Ltd Liability Co now owns 26,869 shares of the financial services provider’s stock valued at $327,000 after acquiring an additional 1,400 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund during the fourth quarter worth approximately $237,000. 15.13% of the stock is owned by institutional investors.

BlackRock MuniHoldings New Jersey Quality Fund Price Performance

NYSE MUJ opened at $11.50 on Tuesday. The company has a fifty day simple moving average of $11.32 and a 200 day simple moving average of $11.69. BlackRock MuniHoldings New Jersey Quality Fund, Inc. has a 12-month low of $10.97 and a 12-month high of $12.24.

BlackRock MuniHoldings New Jersey Quality Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be given a $0.054 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.65 annualized dividend and a yield of 5.64%.

BlackRock MuniHoldings New Jersey Quality Fund 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.