BlackRock MuniHoldings New Jersey Quality Fund (NYSE:MUJ) Stock Crosses Above 200 Day Moving Average – What’s Next?

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.19 and traded as high as $12.29. BlackRock MuniHoldings New Jersey Quality Fund shares last traded at $12.0850, with a volume of 171,262 shares traded.

BlackRock MuniHoldings New Jersey Quality Fund Price Performance

The stock’s 50 day simple moving average is $12.22 and its two-hundred day simple moving average is $12.19.

BlackRock MuniHoldings New Jersey Quality Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.054 per share. This represents a c) annualized dividend and a yield of 5.4%. The ex-dividend date of this dividend is Tuesday, September 15th.

Institutional Trading of BlackRock MuniHoldings New Jersey Quality Fund

Several hedge funds have recently made changes to their positions in the company. Cary Street Partners Investment Advisory LLC bought a new stake in BlackRock MuniHoldings New Jersey Quality Fund in the 4th quarter valued at about $60,000. Northwestern Mutual Wealth Management Co. bought a new position in BlackRock MuniHoldings New Jersey Quality Fund in the 2nd quarter worth approximately $62,000. Elyxium Wealth LLC purchased a new position in BlackRock MuniHoldings New Jersey Quality Fund in the 4th quarter valued at approximately $69,000. Nomura Holdings Inc. bought a new stake in BlackRock MuniHoldings New Jersey Quality Fund during the 2nd quarter valued at $110,000. Finally, Readystate Asset Management LP bought a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund in the second quarter worth $131,000. 15.13% of the stock is currently owned by institutional investors.

BlackRock MuniHoldings New Jersey Quality Fund Company Profile

BlackRock MuniHoldings New Jersey Quality Fund (NYSE: MUJ) is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from federal and New Jersey state income taxes. The fund primarily invests in investment-grade municipal securities issued by or on behalf of the State of New Jersey and its municipalities, authorities, and instrumentalities. By concentrating on high-quality New Jersey public finance obligations, MUJ aims to offer tax-efficient income for investors with exposure to the state’s credit profile.

The fund’s portfolio is actively managed by BlackRock’s municipal fixed income team, which conducts credit analysis and sector allocation to identify opportunities within New Jersey’s diverse municipal marketplace.