Mackay Shields LLC Sells 77,739 Shares of BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ)

Mackay Shields LLC reduced its holdings in BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) by 5.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,467,874 shares of the financial services provider’s stock after selling 77,739 shares during the quarter. Mackay Shields LLC owned about 4.88% of BlackRock MuniHoldings New Jersey Quality Fund worth $23,413,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Advisory Services Network LLC bought a new stake in BlackRock MuniHoldings New Jersey Quality Fund in the second quarter worth approximately $64,000. Bank of New York Mellon Corp bought a new stake in shares of BlackRock MuniHoldings New Jersey Quality Fund during the second quarter valued at approximately $405,000. Brandywine Oak Private Wealth LLC bought a new stake in shares of BlackRock MuniHoldings New Jersey Quality Fund during the second quarter valued at approximately $221,000. Belmont Capital LLC bought a new stake in shares of BlackRock MuniHoldings New Jersey Quality Fund during the second quarter valued at approximately $288,000. Finally, Private Portfolio Partners LLC increased its holdings in shares of BlackRock MuniHoldings New Jersey Quality Fund by 27.9% during the first quarter. Private Portfolio Partners LLC now owns 18,350 shares of the financial services provider’s stock valued at $273,000 after acquiring an additional 4,000 shares in the last quarter. Institutional investors and hedge funds own 10.84% of the company’s stock.

Shares of NYSE MUJ traded up $0.13 during midday trading on Thursday, hitting $15.57. 32,379 shares of the stock traded hands, compared to its average volume of 48,742. BlackRock MuniHoldings New Jersey Quality Fund, Inc. has a one year low of $13.50 and a one year high of $16.28. The business has a 50 day moving average price of $15.82 and a two-hundred day moving average price of $15.63.

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 1st. Stockholders of record on Friday, October 15th will be issued a dividend of $0.063 per share. The ex-dividend date of this dividend is Thursday, October 14th. This represents a $0.76 annualized dividend and a dividend yield of 4.86%.

BlackRock MuniHoldings New Jersey Quality Fund Profile

BlackRock MuniHoldings New Jersey Quality Fund, Inc operates as a closed-end investment trust. Its investment objective is to provide shareholders with current income exempt from federal income tax and New Jersey personal income taxes. The company was founded on March 11, 1998 and is headquartered in Wilmington, DE.

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Institutional Ownership by Quarter for BlackRock MuniHoldings New Jersey Quality Fund (NYSE:MUJ)

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