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

Key Points

• BlackRock MuniHoldings New Jersey Quality Fund declared a monthly dividend of $0.054 per share, payable December 22 to shareholders of record December 11. The annualized yield is approximately 5.4%.
• MUJ shares opened at $11.89, down 0.9%, and were below both their 50-day and 200-day moving averages of $12.17.
• Several institutional investors increased their positions in MUJ, with hedge funds and institutions collectively owning 15.13% of the fund. MUJ invests mainly in investment-grade New Jersey municipal securities to provide tax-exempt income.

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ - Get Free Report) announced a monthly dividend on Thursday, September 10th. Shareholders of record on Friday, December 11th will be paid a dividend of 0.054 per share by the financial services provider on Tuesday, December 22nd. This represents a c) dividend on an annualized basis and a yield of 5.4%. The ex-dividend date of this dividend is Friday, December 11th.

BlackRock MuniHoldings New Jersey Quality Fund Stock Down 0.9%

NYSE MUJ opened at $11.89 on Friday. BlackRock MuniHoldings New Jersey Quality Fund has a 1-year low of $11.31 and a 1-year high of $12.68. The business's 50-day simple moving average is $12.17 and its 200-day simple moving average is $12.17.

Institutional Trading of BlackRock MuniHoldings New Jersey Quality Fund

A number of hedge funds have recently made changes to their positions in MUJ. Fiera Capital Corp lifted its position in shares of BlackRock MuniHoldings New Jersey Quality Fund by 51.8% in 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 during the last quarter. Guggenheim Capital LLC raised its stake in shares of BlackRock MuniHoldings New Jersey Quality Fund by 18.4% in the 4th quarter. Guggenheim Capital LLC now owns 552,534 shares of the financial services provider's stock valued at $6,575,000 after acquiring an additional 85,935 shares in the last quarter. LPL Financial LLC lifted its holdings in BlackRock MuniHoldings New Jersey Quality Fund by 19.5% in the 4th quarter. LPL Financial LLC now owns 229,167 shares of the financial services provider's stock worth $2,727,000 after purchasing an additional 37,445 shares during the last quarter. Cetera Investment Advisers boosted its holdings in BlackRock MuniHoldings New Jersey Quality Fund by 59.5% during the fourth quarter. Cetera Investment Advisers now owns 97,864 shares of the financial services provider's stock valued at $1,165,000 after acquiring an additional 36,513 shares during the period. Finally, Wells Fargo & Company MN boosted its position in shares of 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 valued at $2,256,000 after acquiring an additional 33,221 shares during the period. Institutional investors and hedge funds own 15.13% of the company's stock.

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.

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