Wealth Effects LLC Purchases 4,474 Shares of BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ)

Wealth Effects LLC increased its position in shares of BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) by 22.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,294 shares of the financial services provider’s stock after purchasing an additional 4,474 shares during the quarter. Wealth Effects LLC’s holdings in BlackRock MuniHoldings New Jersey Quality Fund were worth $277,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Robinson Capital Management LLC increased its holdings in shares of BlackRock MuniHoldings New Jersey Quality Fund by 30.7% during the first quarter. Robinson Capital Management LLC now owns 346,333 shares of the financial services provider’s stock worth $3,862,000 after buying an additional 81,384 shares in the last quarter. Karpus Management Inc. bought a new stake in BlackRock MuniHoldings New Jersey Quality Fund during the 4th quarter worth approximately $3,460,000. Raymond James Financial Services Advisors Inc. increased its holdings in BlackRock MuniHoldings New Jersey Quality Fund by 2.1% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 283,850 shares of the financial services provider’s stock valued at $3,301,000 after purchasing an additional 5,831 shares in the last quarter. J.W. Cole Advisors Inc. raised its position in BlackRock MuniHoldings New Jersey Quality Fund by 6.3% in the 1st quarter. J.W. Cole Advisors Inc. now owns 186,373 shares of the financial services provider’s stock valued at $2,168,000 after purchasing an additional 11,000 shares during the last quarter. Finally, Breakwater Capital Group raised its position in BlackRock MuniHoldings New Jersey Quality Fund by 180.8% in the 1st quarter. Breakwater Capital Group now owns 65,954 shares of the financial services provider’s stock valued at $767,000 after purchasing an additional 42,462 shares during the last quarter. 15.13% of the stock is owned by institutional investors.

BlackRock MuniHoldings New Jersey Quality Fund Price Performance

Shares of MUJ stock traded up $0.02 during trading hours on Wednesday, hitting $12.02. 9,110 shares of the company’s stock were exchanged, compared to its average volume of 93,639. BlackRock MuniHoldings New Jersey Quality Fund, Inc. has a 52 week low of $9.73 and a 52 week high of $12.03. The stock’s 50-day moving average is $11.63 and its 200-day moving average is $11.45.

BlackRock MuniHoldings New Jersey Quality Fund Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.60 annualized dividend and a yield of 4.99%.

About BlackRock MuniHoldings New Jersey Quality Fund

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.