Mackay Shields LLC Cuts Stake in BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ)

Mackay Shields LLC lowered its holdings in shares of BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) by 0.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,251,050 shares of the financial services provider’s stock after selling 9,269 shares during the quarter. Mackay Shields LLC owned approximately 2.32% of BlackRock MuniHoldings New Jersey Quality Fund worth $13,849,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. International Assets Investment Management LLC purchased a new stake in shares of BlackRock MuniHoldings New Jersey Quality Fund during the third quarter worth about $13,530,000. Private Advisor Group LLC grew its holdings in BlackRock MuniHoldings New Jersey Quality Fund by 28.1% during the 3rd quarter. Private Advisor Group LLC now owns 19,828 shares of the financial services provider’s stock valued at $241,000 after buying an additional 4,353 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in BlackRock MuniHoldings New Jersey Quality Fund during the 4th quarter valued at approximately $201,000. J.W. Cole Advisors Inc. grew its holdings in BlackRock MuniHoldings New Jersey Quality Fund by 20.9% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 244,565 shares of the financial services provider’s stock valued at $2,967,000 after buying an additional 42,196 shares in the last quarter. Finally, Pine Valley Investments Ltd Liability Co grew its holdings in BlackRock MuniHoldings New Jersey Quality Fund by 5.5% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 26,869 shares of the financial services provider’s stock valued at $327,000 after buying an additional 1,400 shares in the last quarter. Hedge funds and other institutional investors own 15.13% of the company’s stock.

BlackRock MuniHoldings New Jersey Quality Fund Stock Performance

NYSE MUJ opened at $11.57 on Friday. The business has a 50 day simple moving average of $11.30 and a two-hundred day simple moving average of $11.68. BlackRock MuniHoldings New Jersey Quality Fund, Inc. has a 1-year low of $10.97 and a 1-year high of $12.24.

BlackRock MuniHoldings New Jersey Quality Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be issued a dividend of $0.054 per share. This represents a $0.65 annualized dividend and a yield of 5.60%. The ex-dividend date is Friday, February 14th.

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.