BlackRock MuniHoldings New Jersey Quality Fund (NYSE:MUJ) Shares Cross Above 200-Day Moving Average – Should You Sell?

Shares of BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $12.09 and traded as high as $12.21. BlackRock MuniHoldings New Jersey Quality Fund shares last traded at $12.1850, with a volume of 48,072 shares traded.

BlackRock MuniHoldings New Jersey Quality Fund Stock Performance

The stock’s 50 day moving average is $12.00 and its two-hundred day moving average is $12.09.

Institutional Trading of BlackRock MuniHoldings New Jersey Quality Fund

Large investors have recently made changes to their positions in the company. UBS Group AG boosted its holdings in shares of BlackRock MuniHoldings New Jersey Quality Fund by 0.4% in the fourth quarter. UBS Group AG now owns 259,311 shares of the financial services provider’s stock valued at $3,086,000 after acquiring an additional 1,036 shares during the period. Royal Bank of Canada boosted its holdings in shares of BlackRock MuniHoldings New Jersey Quality Fund by 2.8% in 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 during the period. Peapack Gladstone Financial Corp boosted its holdings in shares of BlackRock MuniHoldings New Jersey Quality Fund by 8.3% in the second quarter. Peapack Gladstone Financial Corp now owns 32,859 shares of the financial services provider’s stock valued at $360,000 after acquiring an additional 2,522 shares during the period. Steward Partners Investment Advisory LLC boosted its holdings in shares of BlackRock MuniHoldings New Jersey Quality Fund by 6.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 53,272 shares of the financial services provider’s stock valued at $634,000 after acquiring an additional 3,267 shares during the period. Finally, Cary Street Partners Investment Advisory LLC acquired a new stake in shares of BlackRock MuniHoldings New Jersey Quality Fund in the fourth quarter valued at approximately $60,000. 15.13% of the stock is currently owned by hedge funds and other 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.