BlackRock MuniHoldings New Jersey Quality Fund (NYSE:MUJ) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

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 $11.75 and traded as high as $12.50. BlackRock MuniHoldings New Jersey Quality Fund shares last traded at $12.46, with a volume of 49,508 shares trading hands.

BlackRock MuniHoldings New Jersey Quality Fund Stock Up 0.1%

The firm has a fifty day moving average price of $12.15 and a 200 day moving average price of $11.75.

BlackRock MuniHoldings New Jersey Quality Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be given a $0.054 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date of this dividend is Friday, March 13th.

Institutional Investors Weigh In On BlackRock MuniHoldings New Jersey Quality Fund

Institutional investors and hedge funds have recently modified their holdings of the company. J.W. Cole Advisors Inc. bought a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund during the 2nd quarter worth approximately $2,785,000. Strategic Advisors LLC bought a new position in BlackRock MuniHoldings New Jersey Quality Fund during the third quarter worth $2,089,000. Breakwater Capital Group boosted its position in BlackRock MuniHoldings New Jersey Quality Fund by 35.4% during the third quarter. Breakwater Capital Group now owns 194,398 shares of the financial services provider’s stock worth $2,253,000 after purchasing an additional 50,797 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund in the third quarter valued at $838,000. Finally, Permanent Capital Management LP bought a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund in the fourth quarter valued at about $140,000. 15.13% of the stock is 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.