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) crossed 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.

BlackRock MuniHoldings New Jersey Quality Fund Stock Up 0.1%

The company’s fifty day simple moving average is $12.15 and its two-hundred day simple moving average is $11.75.

BlackRock MuniHoldings New Jersey Quality Fund Announces Dividend

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Guggenheim Capital LLC lifted its holdings in shares of BlackRock MuniHoldings New Jersey Quality Fund by 18.4% during the fourth quarter. Guggenheim Capital LLC now owns 552,534 shares of the financial services provider’s stock worth $6,575,000 after buying an additional 85,935 shares in the last quarter. Bank of America Corp DE increased its position in BlackRock MuniHoldings New Jersey Quality Fund by 7.6% during the second quarter. Bank of America Corp DE now owns 449,183 shares of the financial services provider’s stock worth $4,919,000 after acquiring an additional 31,816 shares during the period. Fiera Capital Corp raised its stake in BlackRock MuniHoldings New Jersey Quality Fund by 51.8% in the 4th quarter. Fiera Capital Corp now owns 394,623 shares of the financial services provider’s stock worth $4,696,000 after purchasing an additional 134,600 shares in the last quarter. UBS Group AG raised its stake in BlackRock MuniHoldings New Jersey Quality Fund by 0.4% in the 4th quarter. UBS Group AG now owns 259,311 shares of the financial services provider’s stock worth $3,086,000 after purchasing an additional 1,036 shares in the last quarter. Finally, J.W. Cole Advisors Inc. bought a new stake in BlackRock MuniHoldings New Jersey Quality Fund in the 2nd quarter valued at about $2,785,000. 15.13% of the stock is owned by institutional investors and hedge funds.

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.