November 21, 2016 - By Darrin Black · 0 Comments
Blackrock New Jersey Municipal Income Trust (NYSE:BNJ) institutional sentiment increased to 1.75 in 2016 Q2. Its up 0.61, from 1.14 in 2016Q1. The ratio is better, as 8 investment professionals increased or opened new stock positions, while 7 reduced and sold their stakes in Blackrock New Jersey Municipal Income Trust. The investment professionals in our partner’s database now possess: 450,029 shares, up from 442,324 shares in 2016Q1. Also, the number of investment professionals holding Blackrock New Jersey Municipal Income Trust in their top 10 stock positions was flat from 0 to 0 for the same number . Sold All: 5 Reduced: 2 Increased: 5 New Position: 3.
BlackRock New Jersey Municipal Income Trust is a non-diversified, closed-end management investment company. The company has a market cap of $109.23 million. The Trust’s investment objective is to provide current income exempt from regular federal income tax and New Jersey gross income tax. It currently has negative earnings. The Trust seeks to achieve its investment objective by investing primarily in municipal bonds exempt from federal income taxes (except that the interest may be subject to the federal alternative minimum tax) and New Jersey gross income taxes.
The stock decreased 0.35% or $0.05 on November 18, hitting $14.39. Blackrock New Jersey Municipal Income Tr (NYSE:BNJ) has declined 10.68% since April 19, 2016 and is downtrending. It has underperformed by 14.54% the S&P500.
Highlander Capital Management Llc holds 0.11% of its portfolio in Blackrock New Jersey Municipal Income Tr for 7,400 shares. Brick & Kyle Associates owns 5,090 shares or 0.07% of their US portfolio. Moreover, Investors Capital Advisory Services has 0.04% invested in the company for 12,340 shares. The Colorado-based Advisors Asset Management Inc. has invested 0.02% in the stock. Tortoise Investment Management Llc, a New York-based fund reported 3,000 shares.#img1#
BlackRock New Jersey Municipal Income Trust (the Trust) is a non-diversified, closed-end management investment company. The Trustâ€™s investment objective is to provide current income which, in the opinion of bond counsel to the issuer, is exempt from regular Federal income tax and New Jersey gross income tax. The Trust will invest at least 80% of its total assets in municipal bonds. Trust will invest at least 80% of its total assets in municipal bonds.
More notable recent Blackrock New Jersey Municipal Income Tr (NYSE:BNJ) news were published by: Businesswire.com which released: “Fitch Affirms VRDP, VMTP, and RVMTP Shares Issued by 49 BlackRock Closed-End Funds” on May 05, 2014, also Streetinsider.com with their article: “Form NSAR-B BLACKROCK MASSACHUSETTS For: Aug 31” published on October 28, 2016, Forbes.com published: “Tax Guide for Mutual Fund Distributions” on October 22, 2014. More interesting news about Blackrock New Jersey Municipal Income Tr (NYSE:BNJ) were released by: Seekingalpha.com and their article: “Seven Tax Free Income Stocks” published on November 02, 2008 as well as Institutionalinvestor.com‘s news article titled: “Municipal Bonds Show Strength as Recovery Continues” with publication date: May 24, 2016.
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By Darrin Black