BlackRock MuniHoldings New Jersey Quality Fund (NYSE:MUJ) Shares Pass Above 200-Day Moving Average – Here’s What Happened

Shares of BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $11.61 and traded as high as $12.38. BlackRock MuniHoldings New Jersey Quality Fund shares last traded at $12.29, with a volume of 75,274 shares changing hands.

BlackRock MuniHoldings New Jersey Quality Fund Stock Down 1.7%

The business’s 50 day moving average is $12.08 and its 200-day moving average is $11.62.

BlackRock MuniHoldings New Jersey Quality Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 13th will be paid a dividend of $0.054 per share. This represents a c) annualized dividend and a yield of 5.4%. The ex-dividend date is Friday, March 13th.

Institutional Trading of BlackRock MuniHoldings New Jersey Quality Fund

A number of large investors have recently bought and sold shares of MUJ. Royal Bank of Canada grew its position in BlackRock MuniHoldings New Jersey Quality Fund by 2.8% during the 1st quarter. Royal Bank of Canada now owns 51,595 shares of the financial services provider’s stock worth $580,000 after purchasing an additional 1,400 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund during the second quarter worth about $113,000. Atlas Private Wealth Advisors grew its holdings in shares of BlackRock MuniHoldings New Jersey Quality Fund by 81.7% during the second quarter. Atlas Private Wealth Advisors now owns 76,571 shares of the financial services provider’s stock worth $838,000 after buying an additional 34,439 shares during the last quarter. Bank of Montreal Can increased its position in BlackRock MuniHoldings New Jersey Quality Fund by 5.7% in the 2nd quarter. Bank of Montreal Can now owns 20,770 shares of the financial services provider’s stock valued at $227,000 after acquiring an additional 1,120 shares during the period. Finally, J.W. Cole Advisors Inc. purchased a new stake in BlackRock MuniHoldings New Jersey Quality Fund during the 2nd quarter valued at approximately $2,785,000. Institutional investors and hedge funds 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.