BlackRock MuniHoldings New Jersey Quality Fund (NYSE:MUJ) Share Price Crosses Above 200-Day Moving Average – What’s Next?

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $12.15 and traded as high as $12.35. BlackRock MuniHoldings New Jersey Quality Fund shares last traded at $12.3050, with a volume of 129,061 shares.

BlackRock MuniHoldings New Jersey Quality Fund Price Performance

The stock’s fifty day simple moving average is $12.22 and its 200-day simple moving average is $12.15.

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 paid a $0.054 dividend. This represents a c) annualized dividend and a yield of 5.3%. The ex-dividend date of this dividend is Tuesday, September 15th.

Institutional Trading of BlackRock MuniHoldings New Jersey Quality Fund

Large investors have recently bought and sold shares of the company. UBS Group AG raised its stake in shares of BlackRock MuniHoldings New Jersey Quality Fund by 0.4% during the 4th quarter. UBS Group AG now owns 259,311 shares of the financial services provider’s stock worth $3,086,000 after buying an additional 1,036 shares during the last quarter. Royal Bank of Canada grew its stake in BlackRock MuniHoldings New Jersey Quality Fund by 2.8% in the 1st quarter. Royal Bank of Canada now owns 51,595 shares of the financial services provider’s stock valued at $580,000 after acquiring an additional 1,400 shares during the last quarter. Peapack Gladstone Financial Corp grew its stake in BlackRock MuniHoldings New Jersey Quality Fund by 8.3% in the 2nd quarter. Peapack Gladstone Financial Corp now owns 32,859 shares of the financial services provider’s stock valued at $360,000 after acquiring an additional 2,522 shares during the last quarter. Steward Partners Investment Advisory LLC increased its holdings in BlackRock MuniHoldings New Jersey Quality Fund by 6.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 53,272 shares of the financial services provider’s stock valued at $634,000 after acquiring an additional 3,267 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC purchased a new position in BlackRock MuniHoldings New Jersey Quality Fund during the 4th quarter valued at about $60,000. 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 (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.