Stayce D. Harris, a director at BlackRock (NYSE:BLK) MuniHoldings California Quality Fund, Inc. (NYSE:MUC), recently purchased 10 shares of the fund's common stock. The transaction, which took place on October 29, 2024, was executed at a price of $11.095 per share, amounting to a total value of $110. Following this transaction, Harris holds 10 shares directly. This purchase reflects Harris's ongoing involvement and investment in the fund.
InvestingPro Insights
The recent insider purchase by Stayce D. Harris at BlackRock MuniHoldings California Quality Fund, Inc. (NYSE:MUC) aligns with several key financial indicators and trends observed in the fund's performance. According to InvestingPro data, MUC currently has a market capitalization of $1.04 billion and trades at a P/E ratio of 27.33, suggesting a moderate valuation relative to its earnings.
One notable InvestingPro Tip highlights that MUC "has maintained dividend payments for 27 consecutive years," which may be particularly attractive to income-focused investors. This consistent dividend history is further supported by the fund's current dividend yield of 5.83%, as reported by InvestingPro. The ex-date of the last dividend was October 15, 2024, indicating recent activity in shareholder returns.
Another relevant InvestingPro Tip mentions that the "stock generally trades with low price volatility," which could be appealing to risk-averse investors seeking stability in their portfolio. This characteristic is reflected in the fund's price performance, with a modest year-to-date total return of 3.45% and a one-year total return of 24.92%, as of the latest data.
It's worth noting that InvestingPro offers additional insights, with 6 more tips available for MUC, providing a more comprehensive analysis for interested investors. These tips, along with real-time metrics, can offer valuable context for understanding insider transactions like Harris's recent purchase.
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