Breakwater Capital Group Boosts Holdings in BlackRock MuniHoldings New Jersey Quality Fund, Inc. $MUJ

Breakwater Capital Group raised its stake in BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) by 35.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 194,398 shares of the financial services provider’s stock after acquiring an additional 50,797 shares during the period. Breakwater Capital Group’s holdings in BlackRock MuniHoldings New Jersey Quality Fund were worth $2,253,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Royal Bank of Canada increased its position in BlackRock MuniHoldings New Jersey Quality Fund by 2.8% during the first quarter. Royal Bank of Canada now owns 51,595 shares of the financial services provider’s stock worth $580,000 after buying an additional 1,400 shares during the period. Janney Montgomery Scott LLC acquired a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund in the 2nd quarter valued at $113,000. Atlas Private Wealth Advisors raised its position in BlackRock MuniHoldings New Jersey Quality Fund by 81.7% in the 2nd quarter. Atlas Private Wealth Advisors now owns 76,571 shares of the financial services provider’s stock valued at $838,000 after purchasing an additional 34,439 shares during the last quarter. Bank of Montreal Can raised its position in BlackRock MuniHoldings New Jersey Quality Fund by 5.7% in the 2nd quarter. Bank of Montreal Can now owns 20,770 shares of the financial services provider’s stock valued at $227,000 after purchasing an additional 1,120 shares during the last quarter. Finally, J.W. Cole Advisors Inc. acquired a new stake in BlackRock MuniHoldings New Jersey Quality Fund during the 2nd quarter worth $2,785,000. Institutional investors and hedge funds own 15.13% of the company’s stock.

BlackRock MuniHoldings New Jersey Quality Fund Stock Performance

NYSE MUJ opened at $12.08 on Monday. BlackRock MuniHoldings New Jersey Quality Fund, Inc. has a one year low of $10.50 and a one year high of $12.48. The firm’s fifty day moving average is $12.08 and its two-hundred day moving average is $11.63.

BlackRock MuniHoldings New Jersey Quality Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 13th will be given a $0.054 dividend. This represents a c) annualized dividend and a yield of 5.4%. The ex-dividend date is Friday, March 13th.

BlackRock MuniHoldings New Jersey Quality Fund Profile

BlackRock MuniHoldings New Jersey Quality Fund (NYSE: MUJ) is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from federal and New Jersey state income taxes. The fund primarily invests in investment-grade municipal securities issued by or on behalf of the State of New Jersey and its municipalities, authorities, and instrumentalities. By concentrating on high-quality New Jersey public finance obligations, MUJ aims to offer tax-efficient income for investors with exposure to the state’s credit profile.

The fund’s portfolio is actively managed by BlackRock’s municipal fixed income team, which conducts credit analysis and sector allocation to identify opportunities within New Jersey’s diverse municipal marketplace.