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

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $12.09 and traded as high as $12.21. BlackRock MuniHoldings New Jersey Quality Fund shares last traded at $12.1850, with a volume of 48,072 shares traded.

BlackRock MuniHoldings New Jersey Quality Fund Stock Up 0.7%

The stock’s fifty day moving average is $12.00 and its 200-day moving average is $12.09.

BlackRock MuniHoldings New Jersey Quality Fund Announces Dividend

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

Institutional Investors Weigh In On BlackRock MuniHoldings New Jersey Quality Fund

Large investors have recently bought and sold shares of the business. Strategic Advisors LLC bought a new stake in BlackRock MuniHoldings New Jersey Quality Fund during the third quarter valued at about $2,089,000. Breakwater Capital Group boosted its holdings 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 valued at $2,253,000 after acquiring an additional 50,797 shares during the period. Closed End Fund Advisors Inc. bought a new stake in BlackRock MuniHoldings New Jersey Quality Fund during the fourth quarter valued at about $256,000. Cary Street Partners Investment Advisory LLC bought a new stake in BlackRock MuniHoldings New Jersey Quality Fund during the fourth quarter valued at about $60,000. Finally, Cary Street Partners Financial LLC bought a new stake in BlackRock MuniHoldings New Jersey Quality Fund during the fourth quarter valued at about $133,000. 15.13% of the stock is currently owned by 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.