BR-MUNIHLD NJ (MUJ) Holdings Trimmed by Private Advisor Group LLC
Private Advisor Group LLC lessened its stake in shares of BR-MUNIHLD NJ (NYSE:MUJ) by 13.5% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,136 shares of the financial services provider’s stock after selling 1,735 shares during the quarter. Private Advisor Group LLC’s holdings in BR-MUNIHLD NJ were worth $161,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of MUJ. Janney Montgomery Scott LLC purchased a new position in BR-MUNIHLD NJ during the 2nd quarter valued at about $153,000. SG Americas Securities LLC purchased a new position in shares of BR-MUNIHLD NJ during the second quarter worth about $157,000. Finally, Advisors Asset Management Inc. grew its holdings in shares of BR-MUNIHLD NJ by 2.0% during the second quarter. Advisors Asset Management Inc. now owns 218,802 shares of the financial services provider’s stock worth $3,157,000 after purchasing an additional 4,278 shares in the last quarter. 7.21% of the stock is owned by institutional investors and hedge funds.
BR-MUNIHLD NJ (MUJ) opened at 14.68 on Friday. BR-MUNIHLD NJ has a one year low of $13.56 and a one year high of $15.76. The stock’s 50 day moving average price is $14.79 and its 200 day moving average price is $14.51.
The firm also recently announced a monthly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 15th will be given a dividend of $0.0675 per share. This represents a $0.81 annualized dividend and a dividend yield of 5.52%. The ex-dividend date is Thursday, September 14th.
BR-MUNIHLD NJ Profile
BlackRock MuniHoldings New Jersey Quality Fund, Inc is a non-diversified closed-end investment fund. The Fund’s investment objective is to provide shareholders with current income exempt from federal income tax and New Jersey personal income taxes. It seeks to achieve its investment objective by investing primarily in long-term, investment grade municipal obligations exempt from federal income taxes (except that the interest may be subject to the federal alternative minimum tax) and New Jersey personal income taxes.
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