BlackRock MuniHoldings New Jersey Quality Fund (NYSE:MUJ) Hits New 12-Month Low - Should You Sell?

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ - Get Free Report) reached a new 52-week low during trading on Wednesday. The stock traded as low as $11.01 and last traded at $11.1550, with a volume of 279999 shares. The stock had previously closed at $11.14.

BlackRock MuniHoldings New Jersey Quality Fund Stock Up 0.1%

The stock has a fifty day simple moving average of $11.98 and a two-hundred day simple moving average of $12.08.

BlackRock MuniHoldings New Jersey Quality Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 22nd. Stockholders of record on Friday, December 11th will be given a dividend of $0.0540 per share. The ex-dividend date of this dividend is Friday, December 11th. This represents a $0.65 annualized dividend and a dividend yield of 5.8%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Fiera Capital Corp grew its holdings in 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 purchasing an additional 134,600 shares during the period. Closed End Fund Advisors Inc. acquired a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund during the fourth quarter valued at about $256,000. Readystate Asset Management LP acquired a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund during the second quarter valued at about $131,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund during the 2nd quarter worth about $62,000. Finally, Bank of America Corp DE boosted its position in shares of BlackRock MuniHoldings New Jersey Quality Fund by 4.1% during the 1st quarter. Bank of America Corp DE now owns 454,136 shares of the financial services provider's stock worth $5,254,000 after purchasing an additional 17,893 shares in the last quarter. Institutional investors and hedge funds own 15.13% of the company's stock.

About BlackRock MuniHoldings New Jersey Quality Fund

BlackRock MuniHoldings New Jersey Quality Fund, Inc is a closed-end municipal bond fund listed on the New York Stock Exchange under the symbol MUJ. The fund seeks to provide current income that is exempt from regular U.S. federal income tax and New Jersey personal income tax.

The fund invests primarily in long-term municipal obligations issued by or on behalf of New Jersey and its municipalities, authorities, and other governmental entities. Its portfolio may include bonds that finance public infrastructure and services such as schools, transportation systems, utilities, health care facilities, and housing projects.

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