Was I correct to fold Quads?

[SkiGuyGT]

Table VPIP was 30, raizor was 47/12/.48, 3bettor 34/12/1.3

I limped with 22 because I thought I would be able to get a lot of action with a set. The previous pot a guy capped turn and river with AA with two people playing back and JJ on board.

Anyways what do people think of my fold?

Party Poker 5/10 Hold'em (10 handed) converter

Preflop: Hero is UTG with 2[img]/images/graemlins/diamond.gif[/img], 2[img]/images/graemlins/heart.gif[/img].
Hero calls, <font color="#666666">1 fold</font>, UTG+2 calls, MP1 calls, <font color="#CC3333">MP2 raises</font>, <font color="#666666">2 folds</font>, <font color="#CC3333">Button 3-bets</font>, <font color="#666666">2 folds</font>, Hero folds, MP1 calls, MP2 calls.

Flop: (12.40 SB) 8[img]/images/graemlins/diamond.gif[/img], 4[img]/images/graemlins/diamond.gif[/img], 2[img]/images/graemlins/club.gif[/img] <font color="#0000FF">(4 players)</font>
<font color="#CC3333">MP1 bets</font>, MP2 calls, <font color="#CC3333">Button raises</font>, MP1 calls, MP2 calls.

Turn: (9.20 BB) 2[img]/images/graemlins/spade.gif[/img] <font color="#0000FF">(4 players)</font>
MP1 checks, MP2 checks, <font color="#CC3333">Button bets</font>, MP1 calls, MP2 calls.

River: (12.20 BB) Q[img]/images/graemlins/club.gif[/img] <font color="#0000FF">(4 players)</font>
MP1 checks, MP2 checks, <font color="#CC3333">Button bets</font>, <font color="#CC3333">MP1 raises</font>, MP2 folds, Button calls.

Final Pot: 16.20 BB

Results in white below: <font color="#FFFFFF">
UTG+2 has Qs 9d (two pair, queens and twos).
MP1 has Kh Ks (two pair, kings and twos).
Button has As Ad (two pair, aces and twos).
Outcome: Button wins 16.20 BB. </font>