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

Shares of BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-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 trading hands.

BlackRock MuniHoldings New Jersey Quality Fund Price Performance

The firm has a 50 day moving average of $12.08 and a 200-day moving average of $11.61.

BlackRock MuniHoldings New Jersey Quality Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 13th will be given a dividend of $0.054 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a c) dividend on an annualized basis and a yield of 5.3%.

Institutional Investors Weigh In On BlackRock MuniHoldings New Jersey Quality Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MUJ. Guggenheim Capital LLC boosted its stake in shares of BlackRock MuniHoldings New Jersey Quality Fund by 8.4% during the 2nd quarter. Guggenheim Capital LLC now owns 451,745 shares of the financial services provider’s stock valued at $4,947,000 after buying an additional 34,962 shares during the period. Bank of America Corp DE raised its holdings in shares of BlackRock MuniHoldings New Jersey Quality Fund by 7.6% during the second quarter. Bank of America Corp DE now owns 449,183 shares of the financial services provider’s stock worth $4,919,000 after acquiring an additional 31,816 shares in the last quarter. UBS Group AG boosted its position in BlackRock MuniHoldings New Jersey Quality Fund by 0.4% during the fourth quarter. UBS Group AG now owns 259,311 shares of the financial services provider’s stock valued at $3,086,000 after purchasing an additional 1,036 shares during the last quarter. J.W. Cole Advisors Inc. purchased a new position in BlackRock MuniHoldings New Jersey Quality Fund in the second quarter valued at about $2,785,000. Finally, Breakwater Capital Group grew its stake in BlackRock MuniHoldings New Jersey Quality Fund by 9.8% in the fourth quarter. Breakwater Capital Group now owns 213,392 shares of the financial services provider’s stock valued at $2,539,000 after purchasing an additional 18,994 shares in the last quarter. Hedge funds and other institutional investors 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.