BlackRock MuniHoldings New Jersey Quality Fund (NYSE:MUJ) Sees Unusually-High Trading Volume – Time to Buy?

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) shares saw unusually-high trading volume on Wednesday . Approximately 147,596 shares changed hands during trading, an increase of 55% from the previous session’s volume of 95,001 shares.The stock last traded at $11.67 and had previously closed at $11.60.

BlackRock MuniHoldings New Jersey Quality Fund Stock Up 0.2 %

The firm’s 50 day simple moving average is $12.01 and its two-hundred day simple moving average is $11.60.

BlackRock MuniHoldings New Jersey Quality Fund Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be paid a dividend of $0.054 per share. This represents a $0.65 dividend on an annualized basis and a yield of 5.55%. This is an increase from BlackRock MuniHoldings New Jersey Quality Fund’s previous monthly dividend of $0.05. The ex-dividend date of this dividend is Tuesday, October 15th.

Institutional Investors Weigh In On BlackRock MuniHoldings New Jersey Quality Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. TriaGen Wealth Management LLC acquired a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund during the third quarter worth $121,000. Wolverine Asset Management LLC bought a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund in the second quarter valued at $141,000. Private Advisor Group LLC boosted its stake in BlackRock MuniHoldings New Jersey Quality Fund by 28.1% during the 3rd quarter. Private Advisor Group LLC now owns 19,828 shares of the financial services provider’s stock valued at $241,000 after purchasing an additional 4,353 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in shares of BlackRock MuniHoldings New Jersey Quality Fund by 81.2% during the first quarter. Janney Montgomery Scott LLC now owns 23,647 shares of the financial services provider’s stock valued at $275,000 after buying an additional 10,594 shares during the last quarter. Finally, Wealth Effects LLC grew its stake in shares of BlackRock MuniHoldings New Jersey Quality Fund by 22.6% in the 2nd quarter. Wealth Effects LLC now owns 24,294 shares of the financial services provider’s stock worth $277,000 after acquiring an additional 4,474 shares in the last quarter. 15.13% of the stock is currently owned by institutional investors.

BlackRock MuniHoldings New Jersey Quality Fund Company Profile

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.