BlackRock MuniHoldings New Jersey Quality Fund (NYSE:MUJ) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) saw unusually-high trading volume on Tuesday . 278,601 shares traded hands during mid-day trading, an increase of 174% from the previous session’s volume of 101,652 shares.The stock last traded at $12.2590 and had previously closed at $12.34.

BlackRock MuniHoldings New Jersey Quality Fund Price Performance

The firm has a 50 day moving average of $12.15 and a two-hundred day moving average of $12.14.

BlackRock MuniHoldings New Jersey Quality Fund Announces Dividend

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

Institutional Investors Weigh In On BlackRock MuniHoldings New Jersey Quality Fund

A number of institutional investors have recently modified their holdings of the stock. Fiera Capital Corp raised its position in shares of BlackRock MuniHoldings New Jersey Quality Fund by 51.8% in 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 last quarter. Guggenheim Capital LLC grew its position in BlackRock MuniHoldings New Jersey Quality Fund by 18.4% during the 4th quarter. Guggenheim Capital LLC now owns 552,534 shares of the financial services provider’s stock valued at $6,575,000 after purchasing an additional 85,935 shares during the last quarter. LPL Financial LLC increased its stake in BlackRock MuniHoldings New Jersey Quality Fund by 19.5% during the 4th quarter. LPL Financial LLC now owns 229,167 shares of the financial services provider’s stock valued at $2,727,000 after purchasing an additional 37,445 shares in the last quarter. Cetera Investment Advisers increased its stake in BlackRock MuniHoldings New Jersey Quality Fund by 59.5% during the 4th quarter. Cetera Investment Advisers now owns 97,864 shares of the financial services provider’s stock valued at $1,165,000 after purchasing an additional 36,513 shares in the last quarter. Finally, Wells Fargo & Company MN raised its holdings in BlackRock MuniHoldings New Jersey Quality Fund by 21.2% in 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 last quarter. 15.13% of the stock is owned by hedge funds and other 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.