BlackRock MuniHoldings New Jersey Quality Fund (NYSE:MUJ) Sees Unusually-High Trading Volume – Still a Buy?

Shares of BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) saw unusually-high trading volume on Tuesday . Approximately 278,601 shares changed hands during mid-day trading, an increase of 174% from the previous session’s volume of 101,652 shares.The stock last traded at $12.2590 and had previously closed at $12.34.

BlackRock MuniHoldings New Jersey Quality Fund Stock Down 0.7%

The business’s 50 day moving average price is $12.13 and its 200 day moving average price is $12.13.

BlackRock MuniHoldings New Jersey Quality Fund Dividend Announcement

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

Institutional Trading of BlackRock MuniHoldings New Jersey Quality Fund

Large investors have recently added to or reduced their stakes in the business. Cary Street Partners Investment Advisory LLC bought a new stake in BlackRock MuniHoldings New Jersey Quality Fund during the fourth quarter valued at approximately $60,000. Elyxium Wealth LLC bought a new stake in BlackRock MuniHoldings New Jersey Quality Fund during the fourth quarter valued at approximately $69,000. Nomura Holdings Inc. bought a new stake in BlackRock MuniHoldings New Jersey Quality Fund during the second quarter valued at approximately $110,000. Sanctuary Advisors LLC bought a new stake in BlackRock MuniHoldings New Jersey Quality Fund during the first quarter valued at approximately $124,000. Finally, Green Ridge Wealth Planning LLC bought a new stake in BlackRock MuniHoldings New Jersey Quality Fund during the fourth quarter valued at approximately $133,000. 15.13% of the stock is currently owned by institutional investors.

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.