Sit Investment Associates Inc. Buys 492,701 Shares of BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ)

Sit Investment Associates Inc. grew its stake in shares of BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) by 1,325.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 529,883 shares of the financial services provider’s stock after purchasing an additional 492,701 shares during the period. Sit Investment Associates Inc. owned approximately 0.98% of BlackRock MuniHoldings New Jersey Quality Fund worth $5,866,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Wells Fargo & Company MN lifted its position in BlackRock MuniHoldings New Jersey Quality Fund by 4.7% during the 4th quarter. Wells Fargo & Company MN now owns 253,397 shares of the financial services provider’s stock valued at $2,805,000 after acquiring an additional 11,474 shares during the period. Landscape Capital Management L.L.C. purchased a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund during the fourth quarter valued at approximately $284,000. Mountain Hill Investment Partners Corp. purchased a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund during the fourth quarter valued at approximately $49,000. LPL Financial LLC grew its stake in shares of BlackRock MuniHoldings New Jersey Quality Fund by 1.0% in the 4th quarter. LPL Financial LLC now owns 112,147 shares of the financial services provider’s stock worth $1,241,000 after buying an additional 1,097 shares during the last quarter. Finally, Virtu Financial LLC bought a new position in BlackRock MuniHoldings New Jersey Quality Fund during the 4th quarter valued at approximately $224,000. Hedge funds and other institutional investors own 15.13% of the company’s stock.

BlackRock MuniHoldings New Jersey Quality Fund Price Performance

NYSE MUJ 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 stock’s fifty day moving average price is $11.43 and its 200-day moving average price is $11.58.

BlackRock MuniHoldings New Jersey Quality Fund Announces Dividend

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

BlackRock MuniHoldings New Jersey Quality Fund Company Profile

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.