BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) to Issue $0.05 Monthly Dividend

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) announced a monthly dividend on Friday, June 5th. Shareholders of record on Friday, August 14th will be given a dividend of 0.054 per share by the financial services provider on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a yield of 5.3%. The ex-dividend date is Friday, August 14th.

BlackRock MuniHoldings New Jersey Quality Fund Stock Performance

Shares of BlackRock MuniHoldings New Jersey Quality Fund stock opened at $12.22 on Wednesday. The stock’s 50-day simple moving average is $12.23 and its 200-day simple moving average is $12.18. BlackRock MuniHoldings New Jersey Quality Fund has a 52 week low of $10.85 and a 52 week high of $12.68.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MUJ. Cary Street Partners Investment Advisory LLC bought a new stake in shares of BlackRock MuniHoldings New Jersey Quality Fund during the fourth quarter valued at approximately $60,000. Elyxium Wealth LLC bought a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund during the fourth quarter worth $69,000. Nomura Holdings Inc. purchased a new position in BlackRock MuniHoldings New Jersey Quality Fund during the second quarter valued at $110,000. Sanctuary Advisors LLC purchased a new position in BlackRock MuniHoldings New Jersey Quality Fund during the first quarter valued at $124,000. Finally, Green Ridge Wealth Planning LLC bought a new stake in BlackRock MuniHoldings New Jersey Quality Fund in the 4th quarter valued at $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.