BlackRock MuniHoldings New Jersey Quality Fund (NYSE:MUJ) Hits New 12-Month Low – Time to Sell?

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

BlackRock MuniHoldings New Jersey Quality Fund Stock Performance

The company’s fifty day simple moving average is $11.43 and its two-hundred day simple moving average is $11.56.

BlackRock MuniHoldings New Jersey Quality Fund Dividend Announcement

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of MUJ. Raymond James Financial Inc. bought a new stake in BlackRock MuniHoldings New Jersey Quality Fund in the 4th quarter worth about $3,387,000. Avantax Advisory Services Inc. grew its holdings in shares of BlackRock MuniHoldings New Jersey Quality Fund by 43.8% in the fourth quarter. Avantax Advisory Services Inc. now owns 32,063 shares of the financial services provider’s stock valued at $355,000 after acquiring an additional 9,762 shares in the last quarter. Steward Partners Investment Advisory LLC increased its position in shares of BlackRock MuniHoldings New Jersey Quality Fund by 23.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 47,296 shares of the financial services provider’s stock valued at $524,000 after acquiring an additional 8,832 shares during the last quarter. Mountain Hill Investment Partners Corp. purchased a new stake in shares of BlackRock MuniHoldings New Jersey Quality Fund during the fourth quarter valued at approximately $49,000. Finally, Virtu Financial LLC bought a new stake in BlackRock MuniHoldings New Jersey Quality Fund during the fourth quarter worth $224,000. 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.