BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) Plans $0.05 Monthly Dividend

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) announced a monthly dividend on Thursday, September 10th. Investors of record on Thursday, October 15th will be given a dividend of 0.054 per share by the financial services provider on Monday, November 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date is Thursday, October 15th.

BlackRock MuniHoldings New Jersey Quality Fund Price Performance

Shares of MUJ opened at $11.89 on Friday. BlackRock MuniHoldings New Jersey Quality Fund has a 52-week low of $11.31 and a 52-week high of $12.68. The stock’s 50-day simple moving average is $12.17 and its 200 day simple moving average is $12.17.

Hedge Funds Weigh In On BlackRock MuniHoldings New Jersey Quality Fund

Several hedge funds have recently bought and sold shares of the company. Royal Bank of Canada increased its holdings in BlackRock MuniHoldings New Jersey Quality Fund by 2.8% during the 1st quarter. Royal Bank of Canada now owns 51,595 shares of the financial services provider’s stock worth $580,000 after acquiring an additional 1,400 shares during the period. Peapack Gladstone Financial Corp increased its stake in BlackRock MuniHoldings New Jersey Quality Fund by 8.3% in the 2nd quarter. Peapack Gladstone Financial Corp now owns 32,859 shares of the financial services provider’s stock worth $360,000 after acquiring an additional 2,522 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of BlackRock MuniHoldings New Jersey Quality Fund by 7.6% in the 2nd quarter. Bank of America Corp DE now owns 449,183 shares of the financial services provider’s stock valued at $4,919,000 after acquiring an additional 31,816 shares in the last quarter. Nomura Holdings Inc. purchased a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund during the second quarter worth about $110,000. Finally, Osaic Holdings Inc. raised its stake in BlackRock MuniHoldings New Jersey Quality Fund by 26.8% in the second quarter. Osaic Holdings Inc. now owns 54,095 shares of the financial services provider’s stock valued at $593,000 after purchasing an additional 11,438 shares in the last quarter. Hedge funds and other institutional investors own 15.13% of the company’s stock.

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.