Ownership Action Alert: Institutional Investor’s Pro-Blackrock Muniyield New Jersey Fund Inc (NYSE:MYJ) Sentiment In 2016 Q2

November 18, 2016 - By Ruchi Gupta   ·   0 Comments

Ownership Action Alert: Institutional Investor's Pro Blackrock Muniyield New Jersey Fund Inc (NYSE:MYJ) Sentiment In  2016 Q2

Sentiment for Blackrock Muniyield New Jersey Fund Inc (NYSE:MYJ)

Blackrock Muniyield New Jersey Fund Inc (NYSE:MYJ) institutional sentiment increased to 1.29 in 2016 Q2. Its up 0.29, from 1 in 2016Q1. The ratio is more positive, as 8 active investment managers increased or opened new stock positions, while 8 sold and decreased positions in Blackrock Muniyield New Jersey Fund Inc. The active investment managers in our partner’s database now hold: 830,186 shares, up from 763,055 shares in 2016Q1. Also, the number of active investment managers holding Blackrock Muniyield New Jersey Fund Inc in their top 10 stock positions was flat from 0 to 0 for the same number . Sold All: 2 Reduced: 6 Increased: 6 New Position: 2.

BlackRock MuniYield New Jersey Fund, Inc. is a non-diversified, closed-end management investment company. The company has a market cap of $223.55 million. The Fund’s investment objective is to provide shareholders with as high a level of current income exempt from federal income taxes and New Jersey personal income tax as is consistent with its investment policies and prudent investment management. It currently has negative earnings. The Fund seeks to achieve its investment objective by investing at least 80% of its assets in municipal obligations exempt from federal income taxes (except that the interest may subject to the federal alternative minimum tax) and New Jersey personal income taxes.

About 10,418 shares traded hands. BlackRock MuniYield New Jersey Fund, Inc (NYSE:MYJ) has declined 6.62% since April 18, 2016 and is downtrending. It has underperformed by 11.05% the S&P500.

Highlander Capital Management Llc holds 0.18% of its portfolio in BlackRock MuniYield New Jersey Fund, Inc for 11,650 shares. National Asset Management Inc. owns 34,901 shares or 0.12% of their US portfolio. Moreover, Fcg Advisors Llc has 0.08% invested in the company for 15,647 shares. The Colorado-based Advisors Asset Management Inc. has invested 0.05% in the stock. Guggenheim Capital Llc, a Illinois-based fund reported 292,615 shares.#img1#

MYJ Company Profile

BlackRock MuniYield New Jersey Fund, Inc. (the Fund), formerly known as MuniYield New Jersey Fund, Inc., is a non-diversified, closed-end management investment company. The Fund seeks to provide a high level of current income exempt from federal and New Jersey income taxes. It invests primarily 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.

More recent BlackRock MuniYield New Jersey Fund, Inc (NYSE:MYJ) news were published by: Businesswire.com which released: “BlackRock Announces Closing of Reorganization of Two BlackRock New Jersey …” on April 13, 2015. Also Businesswire.com published the news titled: “Fitch Affirms VRDP, VMTP, and RVMTP Shares Issued by 49 BlackRock Closed-End Funds” on May 05, 2014. Streetinsider.com‘s news article titled: “Form NSAR-B BLACKROCK MUNICIPAL INCO For: Aug 31” with publication date: October 28, 2016 was also an interesting one.

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By Ruchi Gupta


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