BlackRock MuniHoldings New Jersey Quality Fund (NYSE:MUJ) Sets New 52-Week High at $11.94

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) hit a new 52-week high on Thursday . The company traded as high as $11.94 and last traded at $11.87, with a volume of 109398 shares. The stock had previously closed at $11.81.

BlackRock MuniHoldings New Jersey Quality Fund Stock Up 0.7 %

The firm’s fifty day moving average is $11.53 and its 200-day moving average is $11.42.

BlackRock MuniHoldings New Jersey Quality Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $0.60 dividend on an annualized basis and a yield of 5.05%.

Hedge Funds Weigh In On BlackRock MuniHoldings New Jersey Quality Fund

A number of institutional investors and hedge funds have recently modified their holdings of the business. Karpus Management Inc. acquired a new stake in BlackRock MuniHoldings New Jersey Quality Fund in the 4th quarter valued at $3,460,000. International Assets Investment Management LLC acquired a new position in BlackRock MuniHoldings New Jersey Quality Fund during the 4th quarter valued at about $11,700,000. Robinson Capital Management LLC raised its stake in shares of BlackRock MuniHoldings New Jersey Quality Fund by 210.0% in the fourth quarter. Robinson Capital Management LLC now owns 264,949 shares of the financial services provider’s stock worth $3,023,000 after purchasing an additional 179,469 shares during the last quarter. Principal Securities Inc. bought a new stake in BlackRock MuniHoldings New Jersey Quality Fund during the fourth quarter worth $40,000. Finally, Weiss Asset Management LP purchased a new position in BlackRock MuniHoldings New Jersey Quality Fund during the 4th quarter worth $122,000. 15.13% of the stock is currently owned by institutional investors.

About BlackRock MuniHoldings New Jersey Quality Fund

BlackRock MuniHoldings New Jersey Quality Fund, Inc is a close ended fixed income mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in the fixed income markets of United States. The fund invests primarily in long-term, investment grade municipal obligations exempt from federal income taxes and New Jersey personal income taxes.