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 (MUJ). This investment vehicle now offers a 14% discount to NAV and a 7.25% taxable equivalent yield (assuming a 30.4% federal and state tax brackets).
Source: Fidelity
The discount to NAV on this BlackRock fund is within 1% of its all-time wides to NAV. Pricing hasn't been