BlackRock MuniHoldings New Jersey Quality Fund (NYSE:MUJ) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $12.17 and traded as high as $12.40. BlackRock MuniHoldings New Jersey Quality Fund shares last traded at $12.3850, with a volume of 57,670 shares trading hands.

BlackRock MuniHoldings New Jersey Quality Fund Stock Performance

The business has a 50 day moving average price of $12.26 and a 200 day moving average price of $12.17.

BlackRock MuniHoldings New Jersey Quality Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.054 per share. This represents a c) annualized dividend and a dividend yield of 5.2%. The ex-dividend date is Tuesday, September 15th.

Hedge Funds Weigh In On BlackRock MuniHoldings New Jersey Quality Fund

A number of hedge funds have recently added to or reduced their stakes in MUJ. Fiera Capital Corp increased its holdings in BlackRock MuniHoldings New Jersey Quality Fund by 51.8% during the 4th quarter. Fiera Capital Corp now owns 394,623 shares of the financial services provider’s stock worth $4,696,000 after purchasing an additional 134,600 shares during the period. Guggenheim Capital LLC increased its position in shares of BlackRock MuniHoldings New Jersey Quality Fund by 18.4% during the fourth quarter. Guggenheim Capital LLC now owns 552,534 shares of the financial services provider’s stock worth $6,575,000 after purchasing an additional 85,935 shares in the last quarter. LPL Financial LLC raised its stake in BlackRock MuniHoldings New Jersey Quality Fund by 19.5% in the fourth quarter. LPL Financial LLC now owns 229,167 shares of the financial services provider’s stock valued at $2,727,000 after buying an additional 37,445 shares during the last quarter. Cetera Investment Advisers boosted its stake in BlackRock MuniHoldings New Jersey Quality Fund by 59.5% in the 4th quarter. Cetera Investment Advisers now owns 97,864 shares of the financial services provider’s stock worth $1,165,000 after purchasing an additional 36,513 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its stake in shares of BlackRock MuniHoldings New Jersey Quality Fund by 21.2% during the fourth quarter. Wells Fargo & Company MN now owns 189,563 shares of the financial services provider’s stock worth $2,256,000 after buying an additional 33,221 shares during the period. 15.13% of the stock is currently owned by institutional investors.

BlackRock MuniHoldings New Jersey Quality Fund Company Profile

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.