Sit Investment Associates Inc. Grows Stake in BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ)

Sit Investment Associates Inc. boosted its position in shares of BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) by 1,325.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 529,883 shares of the financial services provider’s stock after acquiring an additional 492,701 shares during the quarter. Sit Investment Associates Inc.’s holdings in BlackRock MuniHoldings New Jersey Quality Fund were worth $5,866,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in shares of BlackRock MuniHoldings New Jersey Quality Fund during the 4th quarter valued at $3,387,000. Breakwater Capital Group lifted its position in BlackRock MuniHoldings New Jersey Quality Fund by 69.2% during the fourth quarter. Breakwater Capital Group now owns 90,678 shares of the financial services provider’s stock valued at $1,004,000 after purchasing an additional 37,076 shares in the last quarter. Noble Wealth Management PBC purchased a new position in BlackRock MuniHoldings New Jersey Quality Fund during the fourth quarter valued at $388,000. Landscape Capital Management L.L.C. bought a new stake in BlackRock MuniHoldings New Jersey Quality Fund during the fourth quarter valued at about $284,000. Finally, Sanctuary Advisors LLC purchased a new stake in BlackRock MuniHoldings New Jersey Quality Fund in the fourth quarter worth about $237,000. Institutional investors own 15.13% of the company’s stock.

BlackRock MuniHoldings New Jersey Quality Fund Price Performance

BlackRock MuniHoldings New Jersey Quality Fund stock opened at $11.13 on Friday. BlackRock MuniHoldings New Jersey Quality Fund, Inc. has a 12-month low of $10.97 and a 12-month high of $12.24. The firm has a 50 day moving average of $11.43 and a 200 day moving average of $11.58.

BlackRock MuniHoldings New Jersey Quality Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be given a dividend of $0.054 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.65 annualized dividend and a dividend yield of 5.82%.

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.