BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) Announces Monthly Dividend of $0.05

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) declared a monthly dividend on Friday, February 27th. Stockholders of record on Friday, May 15th will be paid a dividend of 0.054 per share by the financial services provider on Monday, June 1st. This represents a c) dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date is Friday, May 15th.

BlackRock MuniHoldings New Jersey Quality Fund Trading Down 0.3%

MUJ stock opened at $12.36 on Wednesday. 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 stock has a fifty day moving average of $12.08 and a 200-day moving average of $12.05.

Institutional Investors Weigh In On BlackRock MuniHoldings New Jersey Quality Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of MUJ. Sanctuary Advisors LLC bought a new stake in shares of BlackRock MuniHoldings New Jersey Quality Fund during the 1st quarter valued at $124,000. Breakwater Capital Group grew its position in shares of BlackRock MuniHoldings New Jersey Quality Fund by 6.0% during the 1st quarter. Breakwater Capital Group now owns 226,216 shares of the financial services provider’s stock valued at $2,617,000 after purchasing an additional 12,824 shares in the last quarter. Green Ridge Wealth Planning LLC bought a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund in the fourth quarter worth $133,000. Virtu Financial LLC purchased a new stake in shares of BlackRock MuniHoldings New Jersey Quality Fund in the fourth quarter worth $184,000. Finally, NewEdge Advisors LLC boosted its stake in BlackRock MuniHoldings New Jersey Quality Fund by 35.1% during the fourth quarter. NewEdge Advisors LLC now owns 25,007 shares of the financial services provider’s stock valued at $298,000 after buying an additional 6,501 shares during the period. 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.