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, February 27th. Stockholders of record on Monday, June 15th will be given a dividend of 0.054 per share by the financial services provider on Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date of this dividend is Monday, June 15th.

BlackRock MuniHoldings New Jersey Quality Fund Trading Down 0.1%

Shares of MUJ traded down $0.01 during trading hours on Friday, hitting $12.38. 84,079 shares of the stock were exchanged, compared to its average volume of 98,418. BlackRock MuniHoldings New Jersey Quality Fund has a fifty-two week low of $10.66 and a fifty-two week high of $12.68. The business has a 50-day moving average of $12.11 and a 200-day moving average of $12.13.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Cary Street Partners Investment Advisory LLC bought a new stake in shares of BlackRock MuniHoldings New Jersey Quality Fund during the 4th quarter valued at about $60,000. Elyxium Wealth LLC bought a new stake in BlackRock MuniHoldings New Jersey Quality Fund in the fourth quarter worth approximately $69,000. Nomura Holdings Inc. bought a new stake in BlackRock MuniHoldings New Jersey Quality Fund in the second quarter worth approximately $110,000. Sanctuary Advisors LLC acquired a new position in BlackRock MuniHoldings New Jersey Quality Fund in the first quarter valued at approximately $124,000. Finally, Green Ridge Wealth Planning LLC acquired a new position in BlackRock MuniHoldings New Jersey Quality Fund in the fourth quarter valued at approximately $133,000. 15.13% of the stock is owned by 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.