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

Sit Investment Associates Inc. lessened its position in BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) by 89.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor 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 hedge funds and other institutional investors also recently modified their holdings of the company. Cary Street Partners Investment Advisory LLC bought a new position in BlackRock MuniHoldings New Jersey Quality Fund during the fourth quarter valued at about $60,000. Elyxium Wealth LLC bought a new stake in BlackRock MuniHoldings New Jersey Quality Fund in the fourth quarter worth about $69,000. Nomura Holdings Inc. bought a new stake in BlackRock MuniHoldings New Jersey Quality Fund in the second quarter worth about $110,000. Cary Street Partners Financial LLC acquired a new stake in BlackRock MuniHoldings New Jersey Quality Fund in the 4th quarter valued at about $133,000. Finally, Advisory Services Network LLC acquired a new stake in BlackRock MuniHoldings New Jersey Quality Fund in the 3rd quarter valued at about $133,000. Institutional investors own 15.13% of the company’s stock.

BlackRock MuniHoldings New Jersey Quality Fund Stock Performance

NYSE:MUJ opened at $12.31 on Friday. BlackRock MuniHoldings New Jersey Quality Fund, Inc. has a twelve month low of $10.66 and a twelve month high of $12.68. The company has a 50-day moving average of $12.18 and a 200-day moving average of $12.14.

BlackRock MuniHoldings New Jersey Quality Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be paid a dividend of $0.054 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) annualized dividend and a 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.