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BlackRock MuniHoldings New Jersey Quality Fund (NYSE:MUJ) Shares Pass Above 200 Day Moving Average - Here's Why

BlackRock MuniHoldings New Jersey Quality Fund logo with Finance background
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Key Points

  • MUJ shares moved above their 200-day moving average of $12.19, reaching $12.41 before closing at $12.3640 on trading volume of 75,804 shares.
  • The fund declared a monthly dividend of $0.054 per share, payable October 1 to shareholders of record September 15, representing a reported 5.2% annualized yield.
  • Several institutional investors recently established positions, while institutions collectively own 15.13% of MUJ. The closed-end fund focuses on investment-grade New Jersey municipal securities and seeks tax-exempt income.
  • MarketBeat previews top five stocks to own in September.

Shares of BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $12.19 and traded as high as $12.41. BlackRock MuniHoldings New Jersey Quality Fund shares last traded at $12.3640, with a volume of 75,804 shares traded.

BlackRock MuniHoldings New Jersey Quality Fund Price Performance

The business has a 50 day simple moving average of $12.24 and a 200-day simple moving average of $12.19.

BlackRock MuniHoldings New Jersey Quality Fund Dividend Announcement

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

Hedge Funds Weigh In On BlackRock MuniHoldings New Jersey Quality Fund

Institutional investors have recently added to or reduced their stakes in the stock. Cary Street Partners Investment Advisory LLC bought a new stake in BlackRock MuniHoldings New Jersey Quality Fund in the fourth quarter worth about $60,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund during the 2nd quarter valued at approximately $62,000. Elyxium Wealth LLC bought a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund during the 4th quarter valued at approximately $69,000. Nomura Holdings Inc. purchased a new stake in shares of BlackRock MuniHoldings New Jersey Quality Fund during the 2nd quarter worth approximately $110,000. Finally, Sanctuary Advisors LLC purchased a new stake in shares of BlackRock MuniHoldings New Jersey Quality Fund during the 1st quarter worth approximately $124,000. Institutional investors own 15.13% of the company's stock.

BlackRock MuniHoldings New Jersey Quality Fund Company Profile

(Get Free Report)

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.

Further Reading

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