BlackRock MuniHoldings New Jersey Quality Fund (NYSE:MUJ) Sets New 12-Month High – What’s Next?

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as $13.50 and last traded at $12.0350, with a volume of 902 shares trading hands. The stock had previously closed at $11.98.

BlackRock MuniHoldings New Jersey Quality Fund Stock Performance

The business has a 50 day moving average price of $12.04 and a 200-day moving average price of $12.07.

BlackRock MuniHoldings New Jersey Quality Fund Announces Dividend

The company 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 $0.054 dividend. This represents a c) annualized dividend and a yield of 5.4%. The ex-dividend date of this dividend is Monday, June 15th.

Institutional Trading of BlackRock MuniHoldings New Jersey Quality Fund

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Strategic Advisors LLC acquired a new position in BlackRock MuniHoldings New Jersey Quality Fund in the 3rd quarter valued at about $2,089,000. Fiera Capital Corp raised 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 valued at $4,696,000 after buying an additional 134,600 shares during the last quarter. Guggenheim Capital LLC raised its position in shares of BlackRock MuniHoldings New Jersey Quality Fund by 18.4% in the fourth quarter. Guggenheim Capital LLC now owns 552,534 shares of the financial services provider’s stock valued at $6,575,000 after buying an additional 85,935 shares during the last quarter. Breakwater Capital Group lifted its stake in shares of BlackRock MuniHoldings New Jersey Quality Fund by 35.4% during 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 period. Finally, LPL Financial LLC boosted its position in BlackRock MuniHoldings New Jersey Quality Fund by 19.5% during the fourth quarter. LPL Financial LLC now owns 229,167 shares of the financial services provider’s stock worth $2,727,000 after acquiring an additional 37,445 shares during the last quarter. 15.13% of the stock is currently owned by hedge funds and other institutional investors.

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.