BlackRock MuniHoldings New Jersey Quality Fund (NYSE:MUJ) Stock Passes Above 200 Day Moving Average – What’s Next?

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.61 and traded as high as $12.38. BlackRock MuniHoldings New Jersey Quality Fund shares last traded at $12.29, with a volume of 75,274 shares changing hands.

BlackRock MuniHoldings New Jersey Quality Fund Stock Down 0.2%

The stock has a fifty day moving average of $12.08 and a 200-day moving average of $11.61.

BlackRock MuniHoldings New Jersey Quality Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be issued a dividend of $0.054 per share. This represents a c) annualized dividend and a yield of 5.3%. The ex-dividend date is Friday, March 13th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. J.W. Cole Advisors Inc. acquired a new stake in shares of BlackRock MuniHoldings New Jersey Quality Fund during the second quarter valued at approximately $2,785,000. Strategic Advisors LLC acquired a new position in BlackRock MuniHoldings New Jersey Quality Fund in the 3rd quarter worth approximately $2,089,000. Allspring Global Investments Holdings LLC purchased a new position in BlackRock MuniHoldings New Jersey Quality Fund during the 3rd quarter worth approximately $838,000. Breakwater Capital Group raised its stake in BlackRock MuniHoldings New Jersey Quality Fund by 35.4% during the 3rd quarter. Breakwater Capital Group now owns 194,398 shares of the financial services provider’s stock valued at $2,253,000 after purchasing an additional 50,797 shares during the period. Finally, Guggenheim Capital LLC lifted its holdings in shares of BlackRock MuniHoldings New Jersey Quality Fund by 8.4% in the second quarter. Guggenheim Capital LLC now owns 451,745 shares of the financial services provider’s stock valued at $4,947,000 after purchasing an additional 34,962 shares in the last quarter. 15.13% of the stock is currently owned by institutional investors and hedge funds.

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.