Robinson Capital Management LLC Has $1.16 Million Holdings in BlackRock MuniHoldings New Jersey Quality Fund, Inc. $MUJ

Robinson Capital Management LLC cut its stake in BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) by 74.7% in the second quarter, Holdings Channel.com reports. The firm owned 94,038 shares of the financial services provider’s stock after selling 277,294 shares during the period. Robinson Capital Management LLC’s holdings in BlackRock MuniHoldings New Jersey Quality Fund were worth $1,158,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. UBS Group AG increased its holdings in shares of BlackRock MuniHoldings New Jersey Quality Fund by 0.4% during the 4th quarter. UBS Group AG now owns 259,311 shares of the financial services provider’s stock worth $3,086,000 after purchasing an additional 1,036 shares during the period. Royal Bank of Canada grew 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 in the last quarter. Peapack Gladstone Financial Corp grew its position in BlackRock MuniHoldings New Jersey Quality Fund by 8.3% during the second quarter. Peapack Gladstone Financial Corp now owns 32,859 shares of the financial services provider’s stock worth $360,000 after buying an additional 2,522 shares in the last quarter. Steward Partners Investment Advisory LLC increased its stake in BlackRock MuniHoldings New Jersey Quality Fund by 6.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 53,272 shares of the financial services provider’s stock valued at $634,000 after acquiring an additional 3,267 shares during the period. Finally, Cary Street Partners Investment Advisory LLC bought a new position in BlackRock MuniHoldings New Jersey Quality Fund during the fourth quarter valued at about $60,000. 15.13% of the stock is currently owned by institutional investors and hedge funds.

BlackRock MuniHoldings New Jersey Quality Fund Stock Down 0.5%

BlackRock MuniHoldings New Jersey Quality Fund stock opened at $12.01 on Thursday. The business has a 50 day moving average price of $12.18 and a two-hundred day moving average price of $12.17. BlackRock MuniHoldings New Jersey Quality Fund, Inc. has a 12 month low of $11.23 and a 12 month high of $12.68.

About BlackRock MuniHoldings New Jersey Quality Fund

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.