BlackRock MuniHoldings New Jersey Quality Fund (NYSE:MUJ) Share Price Crosses Below 50 Day Moving Average – Should You Sell?

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) shares crossed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $11.50 and traded as low as $11.38. BlackRock MuniHoldings New Jersey Quality Fund shares last traded at $11.4450, with a volume of 234,061 shares.

BlackRock MuniHoldings New Jersey Quality Fund Trading Down 2.3%

The firm has a 50-day simple moving average of $11.50 and a 200 day simple moving average of $12.02.

BlackRock MuniHoldings New Jersey Quality Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 1st. Investors of record on Friday, November 13th will be paid a $0.0540 dividend. This represents a $0.65 annualized dividend and a dividend yield of 5.7%. The ex-dividend date is Friday, November 13th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. purchased a new stake in BlackRock MuniHoldings New Jersey Quality Fund in the second quarter worth about $62,000. Sanctuary Advisors LLC purchased a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund during the first quarter valued at approximately $124,000. Private Advisor Group LLC purchased a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund during the third quarter valued at approximately $130,000. Readystate Asset Management LP purchased a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund during the second quarter valued at approximately $131,000. Finally, BCS Private Wealth Management Inc. boosted its position in shares of BlackRock MuniHoldings New Jersey Quality Fund by 110.9% in the 3rd quarter. BCS Private Wealth Management Inc. now owns 44,920 shares of the financial services provider’s stock worth $508,000 after purchasing an additional 23,620 shares in the last quarter. 15.13% of the stock is owned by hedge funds and other institutional investors.

About BlackRock MuniHoldings New Jersey Quality Fund

BlackRock MuniHoldings New Jersey Quality Fund, Inc. is a closed-end investment fund that seeks to provide shareholders with current income exempt from regular federal income tax and New Jersey personal income tax, consistent with preserving capital. The fund invests primarily in long-term municipal obligations issued by New Jersey and its municipalities, counties, public authorities and other government entities. Its portfolio focuses on investment-grade securities, though the fund may also hold other municipal investments in line with its investment policies.