BlackRock MuniHoldings New Jersey Quality Fund (NYSE:MUJ) Trading Up 0.3% – Time to Buy?

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

BlackRock MuniHoldings New Jersey Quality Fund Stock Down 0.5 %

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 Dividend Announcement

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

Institutional Trading of BlackRock MuniHoldings New Jersey Quality Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. International Assets Investment Management LLC bought a new position in BlackRock MuniHoldings New Jersey Quality Fund in the third quarter worth about $13,530,000. Private Advisor Group LLC raised its position in shares of BlackRock MuniHoldings New Jersey Quality Fund by 28.1% in the 3rd quarter. Private Advisor Group LLC now owns 19,828 shares of the financial services provider’s stock worth $241,000 after acquiring an additional 4,353 shares in the last quarter. Strategic Advisors LLC bought a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund in the 3rd quarter worth approximately $2,182,000. Wolverine Asset Management LLC purchased a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund in the 2nd quarter valued at approximately $141,000. Finally, B. Riley Wealth Advisors Inc. boosted its position in shares of BlackRock MuniHoldings New Jersey Quality Fund by 6.2% during the second quarter. B. Riley Wealth Advisors Inc. now owns 37,472 shares of the financial services provider’s stock valued at $429,000 after purchasing an additional 2,197 shares in the last quarter. Hedge funds and other institutional investors own 15.13% of the company’s stock.

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.