MUE Stock Summary and Trading Ideas (Blackrock Muni Holdings Quality Fndii | NYSE:MUE)

MuniHoldings Quality Fund II, Inc. seeks to provide shareholders with current income exempt from federal income taxes by investing primarily in a portfolio of long-term, investment-grade municipal obligations, the interest on which, in the opinion of bond counsel to the issuer, is exempt from federal income taxes.

Blackrock Muni Holdings Quality Fndii trades on the NYSE stock market under the symbol MUE.

As of April 19, 2024, MUE stock price climbed to $9.73 with 80,889 million shares trading.

MUE has a beta of 0.57, meaning it tends to be less sensitive to market movements. MUE has a correlation of 0.33 to the broad based SPY ETF.

MUE has a market cap of $213.37 million. This is considered a Small Cap stock.

In the last 3 years, MUE stock traded as high as $15.69 and as low as $8.53.

MUE has underperformed the market in the last year with a return of +3.6%, while the SPY ETF gained +21.2%. In the last 3 month period, MUE fell short of the market, returning +1.1%, while SPY returned +4.3%. However, in the most recent 2 weeks MUE has outperformed the stock market by returning -2.5%, while SPY returned -3.5%.

MUE support price is $9.65 and resistance is $9.79 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MUE stock will trade within this expected range on the day.