BlackRock MuniHoldings New Jersey Quality Fund, Inc. (MUJ) To Go Ex-Dividend on January 20th

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) announced a monthly dividend on Friday, January 2nd. Shareholders of record on Tuesday, January 20th will be given a dividend of 0.054 per share by the financial services provider on Monday, February 2nd. This represents a c) annualized dividend and a yield of 5.3%. The ex-dividend date of this dividend is Tuesday, January 20th.

BlackRock MuniHoldings New Jersey Quality Fund Stock Performance

Shares of BlackRock MuniHoldings New Jersey Quality Fund stock traded up $0.04 on Friday, hitting $12.17. 68,597 shares of the company traded hands, compared to its average volume of 93,815. The firm’s 50-day simple moving average is $11.97 and its 200 day simple moving average is $11.49. BlackRock MuniHoldings New Jersey Quality Fund has a 12-month low of $10.50 and a 12-month high of $12.19.

Hedge Funds Weigh In On BlackRock MuniHoldings New Jersey Quality Fund

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of Montreal Can grew its holdings in shares of BlackRock MuniHoldings New Jersey Quality Fund by 5.7% during the second quarter. Bank of Montreal Can now owns 20,770 shares of the financial services provider’s stock valued at $227,000 after buying an additional 1,120 shares during the last quarter. Royal Bank of Canada grew its stake in BlackRock MuniHoldings New Jersey Quality Fund by 2.8% during the first 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 in the last quarter. PFG Investments LLC increased its position in BlackRock MuniHoldings New Jersey Quality Fund by 11.3% in the second quarter. PFG Investments LLC now owns 19,773 shares of the financial services provider’s stock worth $217,000 after purchasing an additional 2,000 shares during the last quarter. Peapack Gladstone Financial Corp raised its holdings in BlackRock MuniHoldings New Jersey Quality Fund by 8.3% during the 2nd quarter. Peapack Gladstone Financial Corp now owns 32,859 shares of the financial services provider’s stock valued at $360,000 after buying an additional 2,522 shares during the period. Finally, Wealth Effects LLC grew its stake in shares of BlackRock MuniHoldings New Jersey Quality Fund by 11.2% during the third quarter. Wealth Effects LLC now owns 34,794 shares of the financial services provider’s stock valued at $403,000 after buying an additional 3,500 shares during the last quarter. Hedge funds and other institutional investors own 15.13% of the company’s stock.

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.