Melfa Wealth Management Inc. Sells 4,991 Shares of BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ)

Melfa Wealth Management Inc. reduced its holdings in BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) by 10.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 43,614 shares of the financial services provider’s stock after selling 4,991 shares during the quarter. Melfa Wealth Management Inc.’s holdings in BlackRock MuniHoldings New Jersey Quality Fund were worth $483,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. TriaGen Wealth Management LLC bought a new position in BlackRock MuniHoldings New Jersey Quality Fund during the 3rd quarter worth about $121,000. Traphagen Investment Advisors LLC acquired a new stake in BlackRock MuniHoldings New Jersey Quality Fund in the 4th quarter valued at approximately $123,000. Private Advisor Group LLC grew its stake in shares of 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 worth $241,000 after acquiring an additional 4,353 shares in the last quarter. Pine Valley Investments Ltd Liability Co increased its stake in BlackRock MuniHoldings New Jersey Quality Fund by 5.5% in 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 during the last quarter. Finally, B. Riley Wealth Advisors Inc. lifted its position in BlackRock MuniHoldings New Jersey Quality Fund by 6.2% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 37,472 shares of the financial services provider’s stock worth $429,000 after buying an additional 2,197 shares in the last quarter. Institutional investors and hedge funds own 15.13% of the company’s stock.

BlackRock MuniHoldings New Jersey Quality Fund Stock Performance

Shares of NYSE MUJ opened at $11.37 on Wednesday. BlackRock MuniHoldings New Jersey Quality Fund, Inc. has a fifty-two week low of $10.97 and a fifty-two week high of $12.24. The business has a 50-day moving average of $11.44 and a 200-day moving average of $11.70.

BlackRock MuniHoldings New Jersey Quality Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be paid a dividend of $0.054 per share. This represents a $0.65 dividend on an annualized basis and a dividend yield of 5.70%. The ex-dividend date is Wednesday, January 15th.

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.