BlackRock MuniHoldings New Jersey Quality Fund (NYSE:MUJ) Hits New 52-Week High – Should You Buy?

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ – Get Free Report) reached a new 52-week high during trading on Wednesday . The company 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 stock has a 50-day simple moving average of $12.04 and a 200-day simple moving average of $12.07.

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BlackRock MuniHoldings New Jersey Quality Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be given a dividend of $0.054 per share. This represents a c) dividend on an annualized basis and a yield of 5.4%. The ex-dividend date of this dividend is Monday, June 15th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Cary Street Partners Investment Advisory LLC purchased a new stake in BlackRock MuniHoldings New Jersey Quality Fund during the fourth quarter worth approximately $60,000. Elyxium Wealth LLC acquired a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund during the 4th quarter valued at $69,000. Nomura Holdings Inc. acquired a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund during the 2nd quarter valued at $110,000. Sanctuary Advisors LLC purchased a new stake in BlackRock MuniHoldings New Jersey Quality Fund during the 1st quarter worth $124,000. Finally, Green Ridge Wealth Planning LLC acquired a new stake in BlackRock MuniHoldings New Jersey Quality Fund in the 4th quarter valued at $133,000. 15.13% of the stock is owned by institutional investors and hedge funds.

About BlackRock MuniHoldings New Jersey Quality Fund

(Get Free Report)

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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