BlackRock MuniHoldings New Jersey Quality Fund (NYSE:MUJ) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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.

BlackRock MuniHoldings New Jersey Quality Fund Trading Up 0.2%

The company has a 50-day moving average of $12.00 and a two-hundred day moving average of $11.54.

BlackRock MuniHoldings New Jersey Quality Fund Announces Dividend

The business 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 dividend of $0.054 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date of this dividend is Friday, March 13th.

Institutional Investors Weigh In On BlackRock MuniHoldings New Jersey Quality Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of Montreal Can raised its stake in BlackRock MuniHoldings New Jersey Quality Fund by 5.7% during the 2nd quarter. Bank of Montreal Can now owns 20,770 shares of the financial services provider’s stock worth $227,000 after acquiring an additional 1,120 shares during the period. Royal Bank of Canada raised its position in shares of BlackRock MuniHoldings New Jersey Quality Fund by 2.8% during the 1st quarter. Royal Bank of Canada now owns 51,595 shares of the financial services provider’s stock valued at $580,000 after purchasing an additional 1,400 shares during the period. PFG Investments LLC raised its position in shares of BlackRock MuniHoldings New Jersey Quality Fund by 11.3% during the 2nd quarter. PFG Investments LLC now owns 19,773 shares of the financial services provider’s stock valued at $217,000 after purchasing an additional 2,000 shares during the period. Peapack Gladstone Financial Corp lifted its stake in shares of BlackRock MuniHoldings New Jersey Quality Fund by 8.3% during the 2nd quarter. Peapack Gladstone Financial Corp now owns 32,859 shares of the financial services provider’s stock valued at $360,000 after buying an additional 2,522 shares in the last quarter. Finally, Wealth Effects LLC boosted its holdings in BlackRock MuniHoldings New Jersey Quality Fund by 11.2% in the 3rd quarter. Wealth Effects LLC now owns 34,794 shares of the financial services provider’s stock worth $403,000 after buying an additional 3,500 shares during the period. 15.13% of the stock is 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.