BlackRock MuniYield Quality Fund III (NYSE:MYI) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $10.95 and traded as high as $11.18. BlackRock MuniYield Quality Fund III shares last traded at $11.1250, with a volume of 288,401 shares traded.

BlackRock MuniYield Quality Fund III Trading Up 0.1%

The company’s fifty day moving average price is $10.91 and its 200 day moving average price is $10.95.

BlackRock MuniYield Quality Fund III Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.0555 per share. This represents a c) dividend on an annualized basis and a yield of 6.0%. The ex-dividend date is Tuesday, September 15th.

Institutional Trading of BlackRock MuniYield Quality Fund III

Several large investors have recently modified their holdings of MYI. Trust Co. of Vermont bought a new position in shares of BlackRock MuniYield Quality Fund III in the fourth quarter worth $25,000. Geneos Wealth Management Inc. bought a new stake in BlackRock MuniYield Quality Fund III during the first quarter worth about $42,000. EverSource Wealth Advisors LLC bought a new stake in BlackRock MuniYield Quality Fund III during the first quarter worth about $44,000. Elyxium Wealth LLC acquired a new stake in BlackRock MuniYield Quality Fund III during the fourth quarter worth about $69,000. Finally, Comerica Bank grew its stake in BlackRock MuniYield Quality Fund III by 22,586.2% during the fourth quarter. Comerica Bank now owns 6,579 shares of the investment management company’s stock worth $72,000 after buying an additional 6,550 shares in the last quarter. 34.01% of the stock is owned by institutional investors and hedge funds.

About BlackRock MuniYield Quality Fund III

BlackRock MuniYield Quality Fund III (NYSE: MYI) is a closed-end management investment company that seeks to provide investors with a high level of current income exempt from federal income tax. The fund primarily invests in a diversified portfolio of investment-grade municipal securities, including bonds, notes and other debt obligations issued by state and local governments, agencies and authorities across the United States.

In managing its portfolio, the fund generally allocates at least 80% of its total assets to investment-grade municipal debt instruments.