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

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.81 and traded as high as $12.64. BlackRock MuniHoldings New Jersey Quality Fund shares last traded at $12.57, with a volume of 154,137 shares trading hands.

BlackRock MuniHoldings New Jersey Quality Fund Stock Down 0.6%

The stock’s 50 day simple moving average is $12.20 and its 200 day simple moving average is $11.81.

BlackRock MuniHoldings New Jersey Quality Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be paid a $0.054 dividend. This represents a c) dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend is Monday, June 15th.

Hedge Funds Weigh In On BlackRock MuniHoldings New Jersey Quality Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Cary Street Partners Investment Advisory LLC purchased a new stake in BlackRock MuniHoldings New Jersey Quality Fund in the fourth quarter worth approximately $60,000. Elyxium Wealth LLC bought a new stake in shares of BlackRock MuniHoldings New Jersey Quality Fund in the 4th quarter worth approximately $69,000. Nomura Holdings Inc. purchased a new stake in shares of BlackRock MuniHoldings New Jersey Quality Fund in the 2nd quarter valued at $110,000. Cary Street Partners Financial LLC purchased a new stake in shares of BlackRock MuniHoldings New Jersey Quality Fund in the 4th quarter valued at $133,000. Finally, Advisory Services Network LLC purchased a new position in BlackRock MuniHoldings New Jersey Quality Fund in the 3rd quarter worth $133,000. 15.13% of the stock is currently owned by hedge funds and other institutional investors.

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.