Notable Mover: Blackrock Muniholdings New Jersey Quality Fund Inc (NYSE:MUJ) Q2 2016 Sentiment Report

November 16, 2016 - By kentuckypostne   ·   0 Comments

Notable Mover: Blackrock Muniholdings New Jersey Quality Fund Inc (NYSE:MUJ)  Q2 2016 Sentiment Report

Sentiment for Blackrock Muniholdings New Jersey Quality Fund Inc (NYSE:MUJ)

Blackrock Muniholdings New Jersey Quality Fund Inc (NYSE:MUJ) institutional sentiment increased to 1.36 in Q2 2016. Its up 0.83, from 0.53 in 2016Q1. The ratio is more positive, as 15 institutional investors increased or started new holdings, while 11 cut down and sold stakes in Blackrock Muniholdings New Jersey Quality Fund Inc. The institutional investors in our partner’s database now own: 2.14 million shares, up from 1.78 million shares in 2016Q1. Also, the number of institutional investors holding Blackrock Muniholdings New Jersey Quality Fund Inc in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 3 Reduced: 8 Increased: 7 New Position: 8.

BlackRock MuniHoldings New Jersey Quality Fund, Inc. is a non-diversified closed-end investment fund. The company has a market cap of $427.00 million. The Fund’s investment objective is to provide shareholders with current income exempt from federal income tax and New Jersey personal income taxes. It currently has negative earnings. It seeks to achieve its investment objective by investing primarily in long-term, investment grade municipal obligations exempt from federal income taxes and New Jersey personal income taxes.

About 59,006 shares traded hands. BlackRock MuniHoldings New Jersey Ins Fn (NYSE:MUJ) has declined 9.70% since April 14, 2016 and is downtrending. It has underperformed by 14.39% the S&P500.

Mackay Shields Llc holds 0.26% of its portfolio in BlackRock MuniHoldings New Jersey Ins Fn for 323,240 shares. Ronna Sue Cohen owns 20,769 shares or 0.25% of their US portfolio. Moreover, Garrison Bradford & Associates Inc has 0.2% invested in the company for 12,500 shares. The Colorado-based Advisors Asset Management Inc. has invested 0.08% in the stock. Regentatlantic Capital Llc, a New Jersey-based fund reported 31,160 shares.#img1#

MUJ Company Profile

BlackRock MuniHoldings New Jersey Insured Fund, Inc. (the Fund), formerly MuniHoldings New Jersey Insured Fund, Inc., is a non-diversified, closed-end management investment company. The Fund seeks to provide current income exempt from federal income tax and New Jersey personal income taxes by investing in a portfolio of long-term, investment-grade municipal obligations, the interest on which is exempt from federal income tax and New Jersey personal income taxes. The Fund may invest in certain securities whose potential income return is inversely related to changes in a floating interest rate (inverse floaters). The Fund may invest in swap agreements.

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