BlackRock MuniHoldings New Jersey Quality Fund (NYSE:MUJ) Trading 0.3% Higher – What’s Next?

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) shares rose 0.3% on Wednesday . The stock traded as high as $11.81 and last traded at $11.78. Approximately 171,493 shares were traded during trading, an increase of 72% from the average daily volume of 99,510 shares. The stock had previously closed at $11.74.

BlackRock MuniHoldings New Jersey Quality Fund Stock Performance

The company has a 50-day moving average of $11.80 and a 200 day moving average of $11.72.

BlackRock MuniHoldings New Jersey Quality Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a $0.054 dividend. This represents a $0.65 dividend on an annualized basis and a dividend yield of 5.59%. The ex-dividend date is Monday, December 16th.

Institutional Investors Weigh In On BlackRock MuniHoldings New Jersey Quality Fund

Several hedge funds have recently added to or reduced their stakes in the company. Strategic Advisors LLC purchased a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund in the third quarter worth about $2,182,000. International Assets Investment Management LLC purchased a new position in BlackRock MuniHoldings New Jersey Quality Fund in the 3rd quarter worth approximately $13,530,000. J.W. Cole Advisors Inc. lifted its position in BlackRock MuniHoldings New Jersey Quality Fund by 20.9% in the third quarter. J.W. Cole Advisors Inc. now owns 244,565 shares of the financial services provider’s stock valued at $2,967,000 after purchasing an additional 42,196 shares during the last quarter. TIAA Trust National Association purchased a new stake in shares of BlackRock MuniHoldings New Jersey Quality Fund during the second quarter valued at approximately $439,000. Finally, Wolverine Asset Management LLC bought a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund in the second quarter worth approximately $141,000. Institutional investors own 15.13% of the company’s stock.

About BlackRock MuniHoldings New Jersey Quality Fund

BlackRock MuniHoldings New Jersey Quality Fund, Inc is a close ended fixed income mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in the fixed income markets of United States. The fund invests primarily in long-term, investment grade municipal obligations exempt from federal income taxes and New Jersey personal income taxes.