BlackRock MuniHoldings New Jersey Quality Fund (NYSE:MUJ) Hits New 12-Month High at $12.19

BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ)’s stock price 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 fifty day moving average price is $11.88 and its 200-day moving average price is $11.53.

BlackRock MuniHoldings New Jersey Quality Fund Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be paid a $0.054 dividend. This is a positive change from BlackRock MuniHoldings New Jersey Quality Fund’s previous monthly dividend of $0.05. This represents a $0.65 dividend on an annualized basis and a yield of 5.31%. The ex-dividend date is Tuesday, October 15th.

Hedge Funds Weigh In On BlackRock MuniHoldings New Jersey Quality Fund

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Robinson Capital Management LLC lifted its position in BlackRock MuniHoldings New Jersey Quality Fund by 30.7% in the 1st quarter. Robinson Capital Management LLC now owns 346,333 shares of the financial services provider’s stock worth $3,862,000 after buying an additional 81,384 shares during the last quarter. Karpus Management Inc. purchased a new position in BlackRock MuniHoldings New Jersey Quality Fund in the 4th quarter worth $3,460,000. J.W. Cole Advisors Inc. lifted its stake in BlackRock MuniHoldings New Jersey Quality Fund by 8.6% in 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 purchasing an additional 15,996 shares during the last quarter. Breakwater Capital Group boosted its position in BlackRock MuniHoldings New Jersey Quality Fund by 180.8% during the first quarter. Breakwater Capital Group now owns 65,954 shares of the financial services provider’s stock valued at $767,000 after buying an additional 42,462 shares during the period. Finally, Private Portfolio Partners LLC grew its stake in shares of BlackRock MuniHoldings New Jersey Quality Fund by 41.5% during the first quarter. Private Portfolio Partners LLC now owns 57,172 shares of the financial services provider’s stock valued at $665,000 after buying an additional 16,762 shares during 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.