BlackRock MuniHoldings New Jersey Quality Fund (NYSE:MUJ) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Shares of BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.18 and traded as high as $12.32. BlackRock MuniHoldings New Jersey Quality Fund shares last traded at $12.2850, with a volume of 93,655 shares traded.

BlackRock MuniHoldings New Jersey Quality Fund Stock Up 1.6%

The company has a 50 day simple moving average of $12.23 and a 200-day simple moving average of $12.18.

BlackRock MuniHoldings New Jersey Quality Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be paid a $0.054 dividend. The ex-dividend date is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 5.3%.

Hedge Funds Weigh In On BlackRock MuniHoldings New Jersey Quality Fund

Several institutional investors and hedge funds have recently modified their holdings of the business. Cary Street Partners Investment Advisory LLC acquired a new stake in BlackRock MuniHoldings New Jersey Quality Fund during the fourth quarter worth about $60,000. Elyxium Wealth LLC bought a new stake in shares of BlackRock MuniHoldings New Jersey Quality Fund during the fourth quarter worth $69,000. Nomura Holdings Inc. acquired a new stake in BlackRock MuniHoldings New Jersey Quality Fund during the 2nd quarter worth approximately $110,000. Sanctuary Advisors LLC acquired a new position in BlackRock MuniHoldings New Jersey Quality Fund during the 1st quarter worth about $124,000. Finally, Green Ridge Wealth Planning LLC bought a new stake in shares of BlackRock MuniHoldings New Jersey Quality Fund during the 4th quarter valued at about $133,000. 15.13% of the stock is currently owned by institutional investors and hedge funds.

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.