BlackRock NJ CEF: 14% Discount To NAV And 7.25% Taxable Equivalent Yield [Seeking Alpha]
Blackrock MuniHoldings New Jersey Quality Fund, Inc. (MUJ)
US:NYSE Investor Relations:
blackrock.com/investing/products/240267/blackrock-muniholdings-new-jersey-insured-fund-inc-usd-fund
Company Research
Source: Seeking Alpha
SummaryBlackRock's Municipal New Jersey Quality Fund trades at a 14% discount to its NAV.This is near the all-time wides on a NAV basis.This CEF currently has a tax-free yield of 5.08% (a 7.25% tax equivalent for investors with tax bracket of 30.4% at the state and federal level).To keep readers on their toes, I am going to go outside of my comfort zone. Given many SA readers' unquenchable thirst for yield, in a historically low interest rate environment, I write to share an idea for income investors. Specifically, the BlackRock MuniHoldings New Jersey Quality Fund (NYSE:MUJSource: FidelityThe discount to NAV on this BlackRock fund is within 1% of its all-time wides to NAV. Pricing hasn't been this extreme since the 2008 financial crash.I believe MUJ is an attractive fund in the current market environment, given the large discount to NAV and generous yield. This is even more appealing for New Jersey residents, as distributions are tax free at both the federal and state levels. This cl
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Sec Filings
- 4/3/24 - Form N-CSRS
- 3/27/24 - Form NPORT-P
- 3/1/24 - Form N-23C-2
- MUJ's page on the SEC website