BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ – Get Rating) declared a monthly dividend on Friday, June 3rd, Wall Street Journal reports. Stockholders of record on Wednesday, June 15th will be paid a dividend of 0.063 per share by the financial services provider on Friday, July 1st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.60%. The ex-dividend date is Tuesday, June 14th.
Shares of MUJ traded down $0.10 during trading hours on Friday, reaching $13.49. The stock had a trading volume of 60,880 shares, compared to its average volume of 86,566. BlackRock MuniHoldings New Jersey Quality Fund has a 12 month low of $12.47 and a 12 month high of $16.28. The company’s 50-day moving average is $12.93 and its two-hundred day moving average is $14.15.
In other news, Portfolio Manager Theodore R. Jaeckel, Jr. purchased 3,890 shares of the company’s stock in a transaction dated Tuesday, March 29th. The stock was bought at an average cost of $12.94 per share, for a total transaction of $50,336.60. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of MUJ. Walleye Capital LLC acquired a new stake in BlackRock MuniHoldings New Jersey Quality Fund in the first quarter valued at $212,000. Bell Rock Capital LLC acquired a new stake in BlackRock MuniHoldings New Jersey Quality Fund during the 4th quarter worth about $169,000. Morgan Stanley grew its holdings in BlackRock MuniHoldings New Jersey Quality Fund by 3.4% during the 3rd quarter. Morgan Stanley now owns 289,652 shares of the financial services provider’s stock worth $4,530,000 after acquiring an additional 9,399 shares during the period. Raymond James Financial Services Advisors Inc. grew its holdings in BlackRock MuniHoldings New Jersey Quality Fund by 7.8% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 107,682 shares of the financial services provider’s stock worth $1,438,000 after acquiring an additional 7,756 shares during the period. Finally, Wells Fargo & Company MN grew its holdings in BlackRock MuniHoldings New Jersey Quality Fund by 5.3% during the 4th quarter. Wells Fargo & Company MN now owns 133,172 shares of the financial services provider’s stock worth $2,112,000 after acquiring an additional 6,685 shares during the period. Institutional investors and hedge funds own 10.53% of the company’s stock.
About BlackRock MuniHoldings New Jersey Quality Fund (Get Rating)
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.
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