BlackRock MuniYield New Jersey Fund (NYSE:MYJ) Stock Price Crosses Above Two Hundred Day Moving Average of $14.93

BlackRock MuniYield New Jersey Fund, Inc (NYSE:MYJ)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $14.93 and traded as high as $15.83. BlackRock MuniYield New Jersey Fund shares last traded at $15.83, with a volume of 100 shares changing hands.

The firm has a 50 day moving average of $15.24 and a 200 day moving average of $14.95.

The company also recently disclosed a — dividend, which was paid on Tuesday, October 1st. Investors of record on Monday, September 16th were paid a $0.0605 dividend. The ex-dividend date was Friday, September 13th. This represents a yield of 4.8%.

Several large investors have recently bought and sold shares of the business. Royal Bank of Canada lifted its position in shares of BlackRock MuniYield New Jersey Fund by 16.7% during the second quarter. Royal Bank of Canada now owns 20,321 shares of the investment management company’s stock worth $301,000 after acquiring an additional 2,915 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of BlackRock MuniYield New Jersey Fund during the second quarter worth $149,000. Bank of America Corp DE lifted its position in shares of BlackRock MuniYield New Jersey Fund by 9.2% during the second quarter. Bank of America Corp DE now owns 216,821 shares of the investment management company’s stock worth $3,213,000 after acquiring an additional 18,305 shares in the last quarter. Fiera Capital Corp purchased a new stake in shares of BlackRock MuniYield New Jersey Fund during the second quarter worth $1,814,000. Finally, Sit Investment Associates Inc. lifted its position in shares of BlackRock MuniYield New Jersey Fund by 147.4% during the first quarter. Sit Investment Associates Inc. now owns 538,763 shares of the investment management company’s stock worth $7,769,000 after acquiring an additional 320,974 shares in the last quarter. Hedge funds and other institutional investors own 13.18% of the company’s stock.

About BlackRock MuniYield New Jersey Fund (NYSE:MYJ)

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

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