Commonwealth Equity Services LLC Lowers Stake in BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ)

Commonwealth Equity Services LLC decreased its stake in shares of BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) by 1.7% in the second quarter, HoldingsChannel reports. The institutional investor owned 91,563 shares of the financial services provider’s stock after selling 1,591 shares during the period. Commonwealth Equity Services LLC’s holdings in BlackRock MuniHoldings New Jersey Quality Fund were worth $1,043,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Principal Securities Inc. bought a new stake in BlackRock MuniHoldings New Jersey Quality Fund during the 4th quarter valued at $40,000. Weiss Asset Management LP bought a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund during the fourth quarter valued at approximately $122,000. Nomura Holdings Inc. purchased a new position in BlackRock MuniHoldings New Jersey Quality Fund during the fourth quarter valued at approximately $143,000. Aristides Capital LLC purchased a new stake in BlackRock MuniHoldings New Jersey Quality Fund during the fourth quarter worth $165,000. Finally, Pine Valley Investments Ltd Liability Co purchased a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund in the 4th quarter valued at $258,000. 15.13% of the stock is owned by hedge funds and other institutional investors.

BlackRock MuniHoldings New Jersey Quality Fund Trading Down 0.2 %

Shares of BlackRock MuniHoldings New Jersey Quality Fund stock opened at $12.06 on Tuesday. The company has a 50-day simple moving average of $11.75 and a two-hundred day simple moving average of $11.49. BlackRock MuniHoldings New Jersey Quality Fund, Inc. has a one year low of $9.73 and a one year high of $12.18.

BlackRock MuniHoldings New Jersey Quality Fund Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be given a $0.054 dividend. This is a positive change from BlackRock MuniHoldings New Jersey Quality Fund’s previous monthly dividend of $0.05. This represents a $0.65 annualized dividend and a dividend yield of 5.37%. The ex-dividend date is Tuesday, October 15th.

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.