BlackRock MuniHoldings New Jersey Quality Fund (NYSE:MUJ) Hits New 1-Year Low – Here’s What Happened

Shares of BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) reached a new 52-week low during mid-day trading on Wednesday. The company traded as low as $11.01 and last traded at $11.1550, with a volume of 279999 shares changing hands. The stock had previously closed at $11.14.

BlackRock MuniHoldings New Jersey Quality Fund Stock Up 0.4%

The business has a fifty day moving average of $11.95 and a two-hundred day moving average of $12.07.

BlackRock MuniHoldings New Jersey Quality Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 22nd. Shareholders of record on Friday, December 11th will be given a dividend of $0.0540 per share. This represents a $0.65 dividend on an annualized basis and a yield of 5.7%. The ex-dividend date is Friday, December 11th.

Institutional Trading of BlackRock MuniHoldings New Jersey Quality Fund

Large investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. acquired a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund during the 2nd quarter worth approximately $62,000. Cetera Investment Advisers grew its holdings in BlackRock MuniHoldings New Jersey Quality Fund by 9.8% during the 1st quarter. Cetera Investment Advisers now owns 107,428 shares of the financial services provider’s stock valued at $1,243,000 after buying an additional 9,564 shares during the last quarter. Readystate Asset Management LP purchased a new position in BlackRock MuniHoldings New Jersey Quality Fund during the second quarter worth $131,000. Sanctuary Advisors LLC purchased a new position in BlackRock MuniHoldings New Jersey Quality Fund during the first quarter worth $124,000. Finally, Green Ridge Wealth Planning LLC acquired a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund in the fourth quarter worth $133,000. 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, Inc is a closed-end municipal bond fund listed on the New York Stock Exchange under the symbol MUJ. The fund seeks to provide current income that is exempt from regular U.S. federal income tax and New Jersey personal income tax.

The fund invests primarily in long-term municipal obligations issued by or on behalf of New Jersey and its municipalities, authorities, and other governmental entities. Its portfolio may include bonds that finance public infrastructure and services such as schools, transportation systems, utilities, health care facilities, and housing projects.