BlackRock MuniHoldings New Jersey Quality Fund (NYSE:MUJ) Stock Price Passes Above Two Hundred 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 Wednesday . The stock has a 200-day moving average of $11.92 and traded as high as $12.35. BlackRock MuniHoldings New Jersey Quality Fund shares last traded at $12.27, with a volume of 55,009 shares traded.

BlackRock MuniHoldings New Jersey Quality Fund Stock Down 0.3%

The company has a fifty day moving average price of $12.31 and a two-hundred day moving average price of $11.92.

BlackRock MuniHoldings New Jersey Quality Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be issued a $0.054 dividend. This represents a c) dividend on an annualized basis and a yield of 5.3%. The ex-dividend date of this dividend is Monday, June 15th.

Hedge Funds Weigh In On BlackRock MuniHoldings New Jersey Quality Fund

Several hedge funds have recently made changes to their positions in MUJ. J.W. Cole Advisors Inc. bought a new stake in BlackRock MuniHoldings New Jersey Quality Fund during the second quarter worth approximately $2,785,000. Strategic Advisors LLC bought a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund in the third quarter valued at $2,089,000. Breakwater Capital Group increased its holdings in shares of BlackRock MuniHoldings New Jersey Quality Fund by 35.4% in the third quarter. Breakwater Capital Group now owns 194,398 shares of the financial services provider’s stock valued at $2,253,000 after buying an additional 50,797 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of BlackRock MuniHoldings New Jersey Quality Fund during the 3rd quarter valued at $838,000. Finally, David J Yvars Group acquired a new stake in shares of BlackRock MuniHoldings New Jersey Quality Fund during the 4th quarter valued at $166,000. Institutional investors and hedge funds 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.