BlackRock MuniHoldings New Jersey Quality Fund (NYSE:MUJ) Hits New 1-Year Low – Here’s Why

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) hit a new 52-week low on Monday . The stock traded as low as $10.94 and last traded at $11.03, with a volume of 59101 shares changing hands. The stock had previously closed at $11.13.

BlackRock MuniHoldings New Jersey Quality Fund Price Performance

The stock has a 50-day simple moving average of $11.43 and a 200-day simple moving average of $11.56.

BlackRock MuniHoldings New Jersey Quality Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be paid a $0.054 dividend. This represents a $0.65 dividend on an annualized basis and a yield of 5.87%. The ex-dividend date is Tuesday, April 15th.

Institutional Trading of BlackRock MuniHoldings New Jersey Quality Fund

Several hedge funds and other institutional investors have recently modified their holdings of MUJ. Mountain Hill Investment Partners Corp. bought a new position in BlackRock MuniHoldings New Jersey Quality Fund in the 4th quarter worth approximately $49,000. Wolverine Asset Management LLC bought a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund in the fourth quarter worth $69,000. Elequin Capital LP purchased a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund in the fourth quarter valued at $82,000. Citadel Advisors LLC purchased a new position in shares of BlackRock MuniHoldings New Jersey Quality Fund in the fourth quarter valued at $116,000. Finally, Traphagen Investment Advisors LLC bought a new stake in shares of BlackRock MuniHoldings New Jersey Quality Fund during the 4th quarter valued at $123,000. Institutional investors own 15.13% of the company’s stock.

About BlackRock MuniHoldings New Jersey Quality Fund

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.