BlackRock MuniHoldings New Jersey Quality Fund (NYSE:MUJ) Sees Strong Trading Volume – Still a Buy?

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) shares saw unusually-high trading volume on Monday . Approximately 213,845 shares changed hands during mid-day trading, an increase of 114% from the previous session’s volume of 100,138 shares.The stock last traded at $11.53 and had previously closed at $11.54.

BlackRock MuniHoldings New Jersey Quality Fund Price Performance

The company’s 50 day moving average is $11.80 and its 200 day moving average is $11.72.

BlackRock MuniHoldings New Jersey Quality Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a dividend of $0.054 per share. 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 5.65%.

Institutional Investors 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. Pine Valley Investments Ltd Liability Co increased its stake in BlackRock MuniHoldings New Jersey Quality Fund by 5.5% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 26,869 shares of the financial services provider’s stock worth $327,000 after acquiring an additional 1,400 shares during the period. B. Riley Wealth Advisors Inc. grew its holdings in shares of BlackRock MuniHoldings New Jersey Quality Fund by 6.2% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 37,472 shares of the financial services provider’s stock worth $429,000 after purchasing an additional 2,197 shares in the last quarter. Private Advisor Group LLC increased its position in shares of BlackRock MuniHoldings New Jersey Quality Fund by 28.1% in the third quarter. Private Advisor Group LLC now owns 19,828 shares of the financial services provider’s stock worth $241,000 after purchasing an additional 4,353 shares during the period. Wealth Effects LLC raised its stake 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 valued at $277,000 after purchasing an additional 4,474 shares in the last quarter. Finally, TriaGen Wealth Management LLC bought a new stake in BlackRock MuniHoldings New Jersey Quality Fund during the third quarter worth about $121,000. 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.