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

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) shares 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 traded.

BlackRock MuniHoldings New Jersey Quality Fund Stock Down 1.7%

The business has a 50 day moving average price of $12.08 and a 200-day moving average price of $11.62.

BlackRock MuniHoldings New Jersey Quality Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be given a $0.054 dividend. This represents a c) dividend on an annualized basis and a yield of 5.4%. The ex-dividend date of this dividend is Friday, March 13th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. J.W. Cole Advisors Inc. purchased a new stake in BlackRock MuniHoldings New Jersey Quality Fund during the 2nd quarter worth approximately $2,785,000. Strategic Advisors LLC bought a new stake in shares of BlackRock MuniHoldings New Jersey Quality Fund in the third quarter worth $2,089,000. Janney Montgomery Scott LLC acquired a new stake in BlackRock MuniHoldings New Jersey Quality Fund in the second quarter valued at $113,000. Allspring Global Investments Holdings LLC acquired a new position in BlackRock MuniHoldings New Jersey Quality Fund during the 3rd quarter worth $838,000. Finally, Permanent Capital Management LP bought a new stake in shares of BlackRock MuniHoldings New Jersey Quality Fund in the 4th quarter worth about $140,000. 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.