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

Shares of BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $12.11 and traded as high as $12.31. BlackRock MuniHoldings New Jersey Quality Fund shares last traded at $12.28, with a volume of 65,942 shares traded.

BlackRock MuniHoldings New Jersey Quality Fund Price Performance

The company has a fifty day moving average price of $12.08 and a 200-day moving average price of $12.12.

BlackRock MuniHoldings New Jersey Quality Fund Dividend Announcement

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

Institutional Investors Weigh In On BlackRock MuniHoldings New Jersey Quality Fund

Several large investors have recently made changes to their positions in the company. Fiera Capital Corp increased its stake in 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 last quarter. Cary Street Partners Investment Advisory LLC bought a new stake in BlackRock MuniHoldings New Jersey Quality Fund during the fourth quarter worth approximately $60,000. UBS Group AG increased its stake in BlackRock MuniHoldings New Jersey Quality Fund by 0.4% during the fourth quarter. UBS Group AG now owns 259,311 shares of the financial services provider’s stock worth $3,086,000 after acquiring an additional 1,036 shares during the last quarter. David J Yvars Group bought a new stake in BlackRock MuniHoldings New Jersey Quality Fund during the fourth quarter worth approximately $166,000. Finally, Prestige Wealth Management Group LLC bought a new stake in BlackRock MuniHoldings New Jersey Quality Fund during the third quarter worth approximately $159,000. 15.13% of the stock is owned by 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.