BlackRock MuniHoldings New Jersey Quality Fund (NYSE:MUJ) Shares Up 0.3% - Should You Buy?

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ - Get Free Report) shares traded up 0.3% during trading on Wednesday . The stock traded as high as $11.81 and last traded at $11.78. 171,493 shares traded hands 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 Price Performance

The stock has a 50-day moving average price of $11.81 and a 200 day moving average price of $11.71.

BlackRock MuniHoldings New Jersey Quality Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be paid a $0.054 dividend. The ex-dividend date is Monday, December 16th. This represents a $0.65 dividend on an annualized basis and a yield of 5.56%.

Hedge Funds Weigh In On BlackRock MuniHoldings New Jersey Quality Fund

Large investors have recently added to or reduced their stakes in the stock. J.W. Cole Advisors Inc. lifted its position in shares of BlackRock MuniHoldings New Jersey Quality Fund by 20.9% in the third quarter. J.W. Cole Advisors Inc. now owns 244,565 shares of the financial services provider's stock valued at $2,967,000 after acquiring an additional 42,196 shares in the last quarter. Strategic Advisors LLC acquired a new position in BlackRock MuniHoldings New Jersey Quality Fund in the 3rd quarter valued at $2,182,000. International Assets Investment Management LLC purchased a new position in BlackRock MuniHoldings New Jersey Quality Fund in the 3rd quarter valued at $13,530,000. TIAA Trust National Association acquired a new stake in BlackRock MuniHoldings New Jersey Quality Fund during the 2nd quarter worth $439,000. Finally, B. Riley Wealth Advisors Inc. grew its holdings 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 worth $429,000 after buying an additional 2,197 shares in the last quarter. 15.13% of the stock is currently owned by institutional investors and hedge funds.

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.