BlackRock MuniHoldings New Jersey Quality Fund (NYSE:MUJ) Share Price Crosses Below 50 Day Moving Average – Should You Sell?

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ)’s stock price crossed below its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $11.50 and traded as low as $11.38. BlackRock MuniHoldings New Jersey Quality Fund shares last traded at $11.4450, with a volume of 234,061 shares trading hands.

BlackRock MuniHoldings New Jersey Quality Fund Stock Down 2.3%

The company has a fifty day simple moving average of $11.50 and a 200 day simple moving average of $12.02.

BlackRock MuniHoldings New Jersey Quality Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Friday, November 13th will be given a $0.0540 dividend. This represents a $0.65 annualized dividend and a dividend yield of 5.7%. The ex-dividend date of this dividend is Friday, November 13th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in MUJ. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of BlackRock MuniHoldings New Jersey Quality Fund during the second quarter valued at approximately $62,000. Cetera Investment Advisers boosted its stake 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 purchasing an additional 9,564 shares during the last quarter. Readystate Asset Management LP purchased a new stake in shares of BlackRock MuniHoldings New Jersey Quality Fund during the second quarter valued at $131,000. Sanctuary Advisors LLC purchased a new stake in shares of BlackRock MuniHoldings New Jersey Quality Fund during the first quarter valued at $124,000. Finally, Commonwealth Equity Services LLC increased its holdings in BlackRock MuniHoldings New Jersey Quality Fund by 16.6% in the 3rd quarter. Commonwealth Equity Services LLC now owns 80,879 shares of the financial services provider’s stock worth $912,000 after buying an additional 11,510 shares in the last quarter. Institutional investors 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 investment fund that seeks to provide shareholders with current income exempt from regular federal income tax and New Jersey personal income tax, consistent with preserving capital. The fund invests primarily in long-term municipal obligations issued by New Jersey and its municipalities, counties, public authorities and other government entities. Its portfolio focuses on investment-grade securities, though the fund may also hold other municipal investments in line with its investment policies.