BlackRock MuniHoldings New Jersey Quality Fund (MUJ)

Market Cap: $645M

About: BlackRock MuniHoldings New Jersey Quality Fund Inc is a closed-end management investment company. Its investment objective is to provide shareholders with current income exempt from U.S. federal income tax and New Jersey personal income taxes. The fund invests primarily in a portfolio of long-term, investment grade New Jersey municipal obligations.

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

9% less repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 22

3% less funds holding

Funds holding: 66 [Q1] → 64 (-2) [Q2]

14% less capital invested

Capital invested by funds: $99.3M [Q1] → $85.5M (-$13.7M) [Q2]

14.3% less ownership

Funds ownership: 28.42% [Q1] → 14.11% (-14.3%) [Q2]

25% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 8