BlackRock MuniHoldings New Jersey Quality Fund (NYSE:MUJ) Sees Unusually-High Trading Volume – Time to Buy?

Shares of BlackRock MuniHoldings New Jersey Quality Fund, Inc. (NYSE:MUJ) saw strong trading volume on Wednesday . 147,596 shares were traded during mid-day trading, an increase of 55% from the previous session’s volume of 95,001 shares.The stock last traded at $11.67 and had previously closed at $11.60.

BlackRock MuniHoldings New Jersey Quality Fund Stock Up 0.2 %

The company has a fifty day moving average price of $12.01 and a 200 day moving average price of $11.60.

BlackRock MuniHoldings New Jersey Quality Fund Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be given 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 dividend yield of 5.55%. The ex-dividend date is Tuesday, October 15th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. B. Riley Wealth Advisors Inc. grew its holdings in BlackRock MuniHoldings New Jersey Quality Fund by 6.2% in the second 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 during the period. Private Advisor Group LLC raised its stake 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 last quarter. Wealth Effects LLC lifted its stake in BlackRock MuniHoldings New Jersey Quality Fund by 22.6% during the 2nd quarter. Wealth Effects LLC now owns 24,294 shares of the financial services provider’s stock valued at $277,000 after acquiring an additional 4,474 shares during the period. TriaGen Wealth Management LLC bought a new position in BlackRock MuniHoldings New Jersey Quality Fund during the third quarter valued at approximately $121,000. Finally, Janney Montgomery Scott LLC boosted its stake in shares of BlackRock MuniHoldings New Jersey Quality Fund by 81.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 23,647 shares of the financial services provider’s stock worth $275,000 after buying an additional 10,594 shares during the last quarter. Hedge funds and other 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.