BlackRock MuniHoldings New Jersey Quality Fund (NYSE:MUJ) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $12.11 and traded as high as $12.31. BlackRock MuniHoldings New Jersey Quality Fund shares last traded at $12.28, with a volume of 65,942 shares changing hands.

BlackRock MuniHoldings New Jersey Quality Fund Trading Up 0.2%

The firm’s fifty day simple moving average is $12.04 and its 200 day simple moving average is $12.11.

BlackRock MuniHoldings New Jersey Quality Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.054 per share. This represents a c) annualized dividend and a dividend yield of 5.3%. The ex-dividend date of this dividend is Tuesday, September 15th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE boosted its holdings in shares of BlackRock MuniHoldings New Jersey Quality Fund by 4.1% during the 1st quarter. Bank of America Corp DE now owns 454,136 shares of the financial services provider’s stock valued at $5,254,000 after purchasing an additional 17,893 shares during the last quarter. Cetera Investment Advisers lifted its holdings in shares of BlackRock MuniHoldings New Jersey Quality Fund by 9.8% in the 1st quarter. Cetera Investment Advisers now owns 107,428 shares of the financial services provider’s stock valued at $1,243,000 after acquiring an additional 9,564 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund in the 1st quarter valued at about $124,000. Breakwater Capital Group lifted its holdings in shares of BlackRock MuniHoldings New Jersey Quality Fund by 6.0% in the 1st quarter. Breakwater Capital Group now owns 226,216 shares of the financial services provider’s stock valued at $2,617,000 after acquiring an additional 12,824 shares during the last quarter. Finally, Green Ridge Wealth Planning LLC bought a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund in the 4th quarter valued at about $133,000. Institutional investors own 15.13% of the company’s stock.

BlackRock MuniHoldings New Jersey Quality Fund Company Profile

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.