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

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.61 and traded as high as $12.38. BlackRock MuniHoldings New Jersey Quality Fund shares last traded at $12.29, with a volume of 75,274 shares trading hands.

BlackRock MuniHoldings New Jersey Quality Fund Trading Down 0.2%

The firm has a fifty day simple moving average of $12.08 and a 200-day simple moving average of $11.61.

BlackRock MuniHoldings New Jersey Quality Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 13th will be paid a $0.054 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date is Friday, March 13th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. UBS Group AG raised its stake in shares of BlackRock MuniHoldings New Jersey Quality Fund by 0.4% in the 4th quarter. UBS Group AG now owns 259,311 shares of the financial services provider’s stock valued at $3,086,000 after purchasing an additional 1,036 shares in the last quarter. Bank of Montreal Can increased its holdings in BlackRock MuniHoldings New Jersey Quality Fund by 5.7% in the second quarter. Bank of Montreal Can now owns 20,770 shares of the financial services provider’s stock valued at $227,000 after buying an additional 1,120 shares during the last quarter. Royal Bank of Canada increased its holdings in 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 buying an additional 1,400 shares during the last quarter. Peapack Gladstone Financial Corp raised its stake in BlackRock MuniHoldings New Jersey Quality Fund by 8.3% during the second quarter. Peapack Gladstone Financial Corp now owns 32,859 shares of the financial services provider’s stock valued at $360,000 after buying an additional 2,522 shares in the last quarter. Finally, Wealth Effects LLC lifted its holdings in BlackRock MuniHoldings New Jersey Quality Fund by 11.2% during the 3rd quarter. Wealth Effects LLC now owns 34,794 shares of the financial services provider’s stock worth $403,000 after buying an additional 3,500 shares during the last quarter. 15.13% of the stock is owned by institutional investors and hedge funds.

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.