Wolverine Asset Management LLC Makes New $69,000 Investment in BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ)

Wolverine Asset Management LLC purchased a new position in BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 6,276 shares of the financial services provider’s stock, valued at approximately $69,000.

Several other hedge funds have also recently added to or reduced their stakes in MUJ. Private Advisor Group LLC grew its position in BlackRock MuniHoldings New Jersey Quality Fund by 28.1% in the third quarter. Private Advisor Group LLC now owns 19,828 shares of the financial services provider’s stock worth $241,000 after buying an additional 4,353 shares during the last quarter. International Assets Investment Management LLC acquired a new position in BlackRock MuniHoldings New Jersey Quality Fund in the third quarter worth approximately $13,530,000. J.W. Cole Advisors Inc. grew its position in BlackRock MuniHoldings New Jersey Quality Fund by 20.9% in the third quarter. J.W. Cole Advisors Inc. now owns 244,565 shares of the financial services provider’s stock worth $2,967,000 after buying an additional 42,196 shares during the last quarter. Pine Valley Investments Ltd Liability Co grew its position in BlackRock MuniHoldings New Jersey Quality Fund by 5.5% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 26,869 shares of the financial services provider’s stock worth $327,000 after buying an additional 1,400 shares during the last quarter. Finally, Breakwater Capital Group grew its position in BlackRock MuniHoldings New Jersey Quality Fund by 69.2% in the fourth quarter. Breakwater Capital Group now owns 90,678 shares of the financial services provider’s stock worth $1,004,000 after buying an additional 37,076 shares during the last quarter. Institutional investors and hedge funds own 15.13% of the company’s stock.

BlackRock MuniHoldings New Jersey Quality Fund Stock Performance

BlackRock MuniHoldings New Jersey Quality Fund stock opened at $11.59 on Tuesday. BlackRock MuniHoldings New Jersey Quality Fund, Inc. has a 1 year low of $10.97 and a 1 year high of $12.24. The firm’s 50 day moving average price is $11.31 and its two-hundred day moving average price is $11.68.

BlackRock MuniHoldings New Jersey Quality Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be given a dividend of $0.054 per share. This represents a $0.65 annualized dividend and a yield of 5.59%. The ex-dividend date is Friday, February 14th.

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.