Mountain Hill Investment Partners Corp. Purchases New Position in BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ)

Mountain Hill Investment Partners Corp. acquired a new stake in shares of BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 4,400 shares of the financial services provider’s stock, valued at approximately $49,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC increased its stake in shares of BlackRock MuniHoldings New Jersey Quality Fund by 23.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 47,296 shares of the financial services provider’s stock worth $524,000 after purchasing an additional 8,832 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in BlackRock MuniHoldings New Jersey Quality Fund in the fourth quarter worth $201,000. Noble Wealth Management PBC acquired a new position in BlackRock MuniHoldings New Jersey Quality Fund during the fourth quarter worth $388,000. Oppenheimer & Co. Inc. bought a new position in BlackRock MuniHoldings New Jersey Quality Fund during the fourth quarter valued at about $178,000. Finally, Wolverine Asset Management LLC acquired a new stake in shares of BlackRock MuniHoldings New Jersey Quality Fund in the fourth quarter worth about $69,000. Institutional investors own 15.13% of the company’s stock.

BlackRock MuniHoldings New Jersey Quality Fund Trading Up 0.7 %

MUJ opened at $11.37 on Monday. The stock has a 50-day moving average of $11.43 and a 200-day moving average of $11.63. BlackRock MuniHoldings New Jersey Quality Fund, Inc. has a 52-week low of $10.97 and a 52-week high of $12.24.

BlackRock MuniHoldings New Jersey Quality Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be given a dividend of $0.054 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.65 dividend on an annualized basis and a yield of 5.70%.

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.