BlackRock MuniHoldings New Jersey Quality Fund (NYSE:MUJ) Reaches New 1-Year High at $12.19

Shares of BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $12.19 and last traded at $12.19, with a volume of 11079 shares trading hands. The stock had previously closed at $12.13.

BlackRock MuniHoldings New Jersey Quality Fund Price Performance

The business’s 50-day simple moving average is $11.88 and its 200-day simple moving average is $11.53.

BlackRock MuniHoldings New Jersey Quality Fund Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be given a dividend of $0.054 per share. This is a positive change 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. This represents a $0.65 dividend on an annualized basis and a yield of 5.31%.

Hedge Funds Weigh In On BlackRock MuniHoldings New Jersey Quality Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. B. Riley Wealth Advisors Inc. raised its stake in BlackRock MuniHoldings New Jersey Quality Fund by 6.2% in the second quarter. B. Riley Wealth Advisors Inc. now owns 37,472 shares of the financial services provider’s stock worth $429,000 after buying an additional 2,197 shares in the last quarter. J.W. Cole Advisors Inc. boosted its stake in BlackRock MuniHoldings New Jersey Quality Fund by 8.6% during the second quarter. J.W. Cole Advisors Inc. now owns 202,369 shares of the financial services provider’s stock worth $2,305,000 after acquiring an additional 15,996 shares in the last quarter. Wealth Effects LLC grew its holdings in BlackRock MuniHoldings New Jersey Quality Fund by 22.6% in the second quarter. Wealth Effects LLC now owns 24,294 shares of the financial services provider’s stock worth $277,000 after purchasing an additional 4,474 shares during the period. Wolverine Asset Management LLC bought a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund during the second quarter valued at approximately $141,000. Finally, TIAA Trust National Association purchased a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund during the second quarter valued at approximately $439,000. 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.