BlackRock MuniHoldings New Jersey Quality Fund (NYSE:MUJ) Stock Passes Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• MUJ shares moved above their 200‑day moving average of $12.03, trading as high as $12.28 and last at $12.24 on a volume of 63,273 shares.
• The fund declared a monthly dividend of $0.054 per share, payable July 1 to holders of record on June 15 (ex‑dividend June 15), implying an annualized yield of about 5.3%.
• Multiple institutional investors (e.g., Fiera Capital, Guggenheim, Strategic Advisors) have recently increased positions, and institutions own roughly 15.13% of the fund.

Shares of BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ - Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $12.03 and traded as high as $12.28. BlackRock MuniHoldings New Jersey Quality Fund shares last traded at $12.24, with a volume of 63,273 shares trading hands.

BlackRock MuniHoldings New Jersey Quality Fund Trading Up 0.7%

The business has a fifty day simple moving average of $12.08 and a 200 day simple moving average of $12.03.

BlackRock MuniHoldings New Jersey Quality Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be paid a dividend of $0.054 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 5.3%.

Institutional Trading of BlackRock MuniHoldings New Jersey Quality Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Strategic Advisors LLC purchased a new position in BlackRock MuniHoldings New Jersey Quality Fund in the 3rd quarter valued at about $2,089,000. Fiera Capital Corp grew its holdings in shares of 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 buying an additional 134,600 shares in the last quarter. Guggenheim Capital LLC grew its holdings in shares of BlackRock MuniHoldings New Jersey Quality Fund by 18.4% during the fourth quarter. Guggenheim Capital LLC now owns 552,534 shares of the financial services provider's stock worth $6,575,000 after buying an additional 85,935 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund in the third quarter valued at approximately $838,000. Finally, Breakwater Capital Group raised its position in shares of BlackRock MuniHoldings New Jersey Quality Fund by 35.4% in the third quarter. Breakwater Capital Group now owns 194,398 shares of the financial services provider's stock valued at $2,253,000 after buying an additional 50,797 shares during 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.

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