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% during the second quarter, Holdings Channel.com reports. The fund owned 1,467,874 shares of the financial services provider’s stock after selling 77,739 shares during the quarter. Mackay Shields LLC’s holdings in BlackRock MuniHoldings New Jersey Quality Fund were worth $23,413,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. UBS Group AG increased its position in shares of BlackRock MuniHoldings New Jersey Quality Fund by 6.4% during the 1st quarter. UBS Group AG now owns 373,782 shares of the financial services provider’s stock valued at $5,554,000 after purchasing an additional 22,414 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in BlackRock MuniHoldings New Jersey Quality Fund during the 2nd quarter valued at about $405,000. Private Portfolio Partners LLC lifted its holdings in BlackRock MuniHoldings New Jersey Quality Fund by 27.9% in the 1st quarter. Private Portfolio Partners LLC now owns 18,350 shares of the financial services provider’s stock worth $273,000 after buying an additional 4,000 shares during the period. Belmont Capital LLC purchased a new stake in BlackRock MuniHoldings New Jersey Quality Fund in the 2nd quarter worth approximately $288,000. Finally, Brandywine Oak Private Wealth LLC purchased a new stake in BlackRock MuniHoldings New Jersey Quality Fund in the 2nd quarter worth approximately $221,000. Institutional investors and hedge funds own 10.84% of the company’s stock.

Shares of MUJ traded up $0.13 on Thursday, reaching $15.57. The stock had a trading volume of 32,379 shares, compared to its average volume of 48,742. The company has a 50-day simple moving average of $15.82 and a 200-day simple moving average of $15.63. BlackRock MuniHoldings New Jersey Quality Fund, Inc. has a 12-month low of $13.50 and a 12-month high of $16.28.

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

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.

Featured Article: What economic reports are most valuable to investors?

Want to see what other hedge funds are holding MUJ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ).

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

Receive News & Ratings for BlackRock MuniHoldings New Jersey Quality Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackRock MuniHoldings New Jersey Quality Fund and related companies with MarketBeat.com's FREE daily email newsletter.