BlackRock MuniHoldings New Jersey Quality Fund (NYSE:MUJ) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.18 and traded as high as $12.32. BlackRock MuniHoldings New Jersey Quality Fund shares last traded at $12.2850, with a volume of 93,655 shares changing hands.

BlackRock MuniHoldings New Jersey Quality Fund Trading Up 1.6%

The firm has a fifty day moving average price of $12.23 and a 200-day moving average price of $12.18.

BlackRock MuniHoldings New Jersey Quality Fund Announces Dividend

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

Hedge Funds Weigh In On BlackRock MuniHoldings New Jersey Quality Fund

Several hedge funds have recently bought and sold shares of MUJ. Cary Street Partners Investment Advisory LLC acquired a new position in BlackRock MuniHoldings New Jersey Quality Fund during the fourth quarter valued at approximately $60,000. Elyxium Wealth LLC acquired a new stake in shares of BlackRock MuniHoldings New Jersey Quality Fund in the 4th quarter valued at $69,000. Nomura Holdings Inc. acquired a new stake in shares of BlackRock MuniHoldings New Jersey Quality Fund in the 2nd quarter valued at $110,000. Sanctuary Advisors LLC bought a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund in the 1st quarter valued at $124,000. 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 $133,000. 15.13% of the stock is owned by institutional investors.

About BlackRock MuniHoldings New Jersey Quality Fund

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.