Wells Fargo & Company MN lowered its stake in shares of BR-MUNIHLD NJ (NYSE:MUJ) by 25.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 51,833 shares of the financial services provider’s stock after selling 17,863 shares during the period. Wells Fargo & Company MN owned 0.17% of BR-MUNIHLD NJ worth $747,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of MUJ. Advisors Asset Management Inc. grew its stake in BR-MUNIHLD NJ by 2.0% in the 2nd quarter. Advisors Asset Management Inc. now owns 218,802 shares of the financial services provider’s stock valued at $3,157,000 after buying an additional 4,278 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in BR-MUNIHLD NJ in the 2nd quarter valued at approximately $153,000. Finally, SG Americas Securities LLC purchased a new position in BR-MUNIHLD NJ in the 2nd quarter valued at approximately $157,000. Institutional investors own 7.02% of the company’s stock.
BR-MUNIHLD NJ (NYSE:MUJ) opened at $14.39 on Friday. BR-MUNIHLD NJ has a one year low of $13.70 and a one year high of $14.96.
The firm also recently disclosed a monthly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be paid a $0.0675 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $0.81 dividend on an annualized basis and a yield of 5.63%.
About BR-MUNIHLD NJ
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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