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 strong trading volume on Tuesday . 278,601 shares changed hands during 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 Price Performance

The business’s fifty day simple moving average is $12.13 and its 200-day simple moving average is $12.13.

BlackRock MuniHoldings New Jersey Quality Fund Dividend Announcement

The firm also recently declared 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. This represents a c) dividend on an annualized basis and a yield of 5.3%. The ex-dividend date of this dividend is Tuesday, September 15th.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Cary Street Partners Investment Advisory LLC purchased a new position in BlackRock MuniHoldings New Jersey Quality Fund in the fourth quarter worth about $60,000. Elyxium Wealth LLC purchased a new position in BlackRock MuniHoldings New Jersey Quality Fund in the fourth quarter worth about $69,000. Nomura Holdings Inc. bought a new stake in shares of BlackRock MuniHoldings New Jersey Quality Fund in the second quarter worth approximately $110,000. Sanctuary Advisors LLC bought a new stake in shares of BlackRock MuniHoldings New Jersey Quality Fund in the first quarter worth approximately $124,000. Finally, Green Ridge Wealth Planning LLC bought a new stake in shares of BlackRock MuniHoldings New Jersey Quality Fund in the fourth quarter worth approximately $133,000. 15.13% of the stock is owned by hedge funds and other 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.