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

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $12.15 and traded as high as $12.35. BlackRock MuniHoldings New Jersey Quality Fund shares last traded at $12.3050, with a volume of 129,061 shares changing hands.

BlackRock MuniHoldings New Jersey Quality Fund Price Performance

The firm has a 50-day moving average price of $12.21 and a two-hundred day moving average price of $12.15.

BlackRock MuniHoldings New Jersey Quality Fund Announces Dividend

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

Institutional Trading of BlackRock MuniHoldings New Jersey Quality Fund

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Cary Street Partners Investment Advisory LLC bought a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund during the 4th quarter worth about $60,000. Elyxium Wealth LLC bought a new stake in shares of BlackRock MuniHoldings New Jersey Quality Fund in the fourth quarter valued at about $69,000. Nomura Holdings Inc. bought a new stake in shares of BlackRock MuniHoldings New Jersey Quality Fund in the second quarter valued at about $110,000. Sanctuary Advisors LLC bought a new stake in shares of BlackRock MuniHoldings New Jersey Quality Fund in the first quarter valued at about $124,000. Finally, Green Ridge Wealth Planning LLC acquired a new stake in BlackRock MuniHoldings New Jersey Quality Fund during the fourth quarter worth about $133,000. 15.13% of the stock is currently owned by institutional investors and hedge funds.

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.