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

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $12.19 and traded as high as $12.41. BlackRock MuniHoldings New Jersey Quality Fund shares last traded at $12.3640, with a volume of 75,804 shares traded.

BlackRock MuniHoldings New Jersey Quality Fund Price Performance

The stock has a 50 day moving average of $12.24 and a 200 day moving average of $12.19.

BlackRock MuniHoldings New Jersey Quality Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.054 per share. The ex-dividend date is Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 5.3%.

Institutional Trading of BlackRock MuniHoldings New Jersey Quality Fund

A number of hedge funds have recently bought and sold shares of the company. Cary Street Partners Investment Advisory LLC bought a new position in BlackRock MuniHoldings New Jersey Quality Fund during the fourth quarter valued at approximately $60,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of BlackRock MuniHoldings New Jersey Quality Fund in the 2nd quarter worth approximately $62,000. Elyxium Wealth LLC purchased a new stake in shares of BlackRock MuniHoldings New Jersey Quality Fund in the 4th quarter valued at $69,000. Nomura Holdings Inc. bought a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund during the 2nd quarter valued at $110,000. Finally, Sanctuary Advisors LLC bought a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund during the 1st quarter valued at $124,000. Institutional investors own 15.13% of the company’s stock.

About BlackRock MuniHoldings New Jersey Quality Fund

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.