BlackRock MuniHoldings New Jersey Quality Fund (NYSE:MUJ) Shares Cross Above 200 Day Moving Average – Should You Sell?

Shares of BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.54 and traded as high as $12.14. BlackRock MuniHoldings New Jersey Quality Fund shares last traded at $12.07, with a volume of 237,012 shares traded.

BlackRock MuniHoldings New Jersey Quality Fund Stock Performance

The business’s 50 day simple moving average is $12.00 and its two-hundred day simple moving average is $11.54.

BlackRock MuniHoldings New Jersey Quality Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 13th will be given a dividend of $0.054 per share. This represents a c) dividend on an annualized basis and a yield of 5.4%. The ex-dividend date is Friday, March 13th.

Institutional Investors Weigh In On BlackRock MuniHoldings New Jersey Quality Fund

A number of large investors have recently made changes to their positions in MUJ. Nomura Holdings Inc. bought a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund in the 2nd quarter worth approximately $110,000. Janney Montgomery Scott LLC purchased a new stake in BlackRock MuniHoldings New Jersey Quality Fund during the second quarter valued at approximately $113,000. Advisory Services Network LLC purchased a new stake in BlackRock MuniHoldings New Jersey Quality Fund during the third quarter valued at approximately $133,000. Susquehanna International Group LLP bought a new position in BlackRock MuniHoldings New Jersey Quality Fund in the third quarter worth approximately $134,000. Finally, Permanent Capital Management LP purchased a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund during the 4th quarter worth $140,000. 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.