BlackRock MuniHoldings New Jersey Quality Fund (NYSE:MUJ) Reaches New 12-Month Low – Time to Sell?

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) reached a new 52-week low during trading on Thursday . The company traded as low as $11.28 and last traded at $11.2850, with a volume of 11470 shares traded. The stock had previously closed at $11.60.

BlackRock MuniHoldings New Jersey Quality Fund Trading Down 1.1%

The company has a fifty day moving average price of $12.06 and a two-hundred day moving average price of $12.12.

BlackRock MuniHoldings New Jersey Quality Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 22nd. Shareholders of record on Friday, December 11th will be issued a dividend of $0.054 per share. This represents a c) annualized dividend and a yield of 5.8%. The ex-dividend date is Friday, December 11th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in MUJ. Bank of America Corp DE increased its position in shares of BlackRock MuniHoldings New Jersey Quality Fund by 4.1% during the first quarter. Bank of America Corp DE now owns 454,136 shares of the financial services provider’s stock worth $5,254,000 after acquiring an additional 17,893 shares in the last quarter. Fiera Capital Corp raised its holdings in shares of BlackRock MuniHoldings New Jersey Quality Fund by 51.8% during the fourth quarter. Fiera Capital Corp now owns 394,623 shares of the financial services provider’s stock worth $4,696,000 after acquiring an additional 134,600 shares during the period. Breakwater Capital Group lifted its position in BlackRock MuniHoldings New Jersey Quality Fund by 6.1% in the 2nd quarter. Breakwater Capital Group now owns 239,996 shares of the financial services provider’s stock valued at $2,954,000 after acquiring an additional 13,780 shares in the last quarter. Cetera Investment Advisers lifted its position in BlackRock MuniHoldings New Jersey Quality Fund by 9.8% in the 1st quarter. Cetera Investment Advisers now owns 107,428 shares of the financial services provider’s stock valued at $1,243,000 after acquiring an additional 9,564 shares in the last quarter. Finally, Closed End Fund Advisors Inc. acquired a new position in BlackRock MuniHoldings New Jersey Quality Fund in the 4th quarter worth $256,000. Institutional investors and hedge funds own 15.13% of the company’s stock.

About BlackRock MuniHoldings New Jersey Quality Fund

BlackRock MuniHoldings New Jersey Quality Fund, Inc is a closed-end municipal bond fund listed on the New York Stock Exchange under the symbol MUJ. The fund seeks to provide current income that is exempt from regular U.S. federal income tax and New Jersey personal income tax.

The fund invests primarily in long-term municipal obligations issued by or on behalf of New Jersey and its municipalities, authorities, and other governmental entities. Its portfolio may include bonds that finance public infrastructure and services such as schools, transportation systems, utilities, health care facilities, and housing projects.