BlackRock MuniYield Quality Fund III (NYSE:MYI) Stock Price Passes Above 200-Day Moving Average – Here’s What Happened

BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $10.82 and traded as high as $11.07. BlackRock MuniYield Quality Fund III shares last traded at $10.99, with a volume of 186,343 shares traded.

BlackRock MuniYield Quality Fund III Trading Down 0.5%

The stock’s fifty day simple moving average is $10.94 and its two-hundred day simple moving average is $10.82.

BlackRock MuniYield Quality Fund III Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be issued a $0.0555 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a c) dividend on an annualized basis and a yield of 6.1%.

Hedge Funds Weigh In On BlackRock MuniYield Quality Fund III

Institutional investors have recently made changes to their positions in the stock. Trust Co. of Vermont acquired a new position in BlackRock MuniYield Quality Fund III during the 4th quarter valued at approximately $25,000. Hennion & Walsh Asset Management Inc. lifted its stake in BlackRock MuniYield Quality Fund III by 0.8% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 1,554,195 shares of the investment management company’s stock valued at $16,894,000 after buying an additional 12,912 shares during the last quarter. Moody National Bank Trust Division acquired a new position in shares of BlackRock MuniYield Quality Fund III during the fourth quarter valued at $113,000. Westview Management dba Westview Investment Advisors acquired a new position in shares of BlackRock MuniYield Quality Fund III during the fourth quarter valued at $213,000. Finally, Permanent Capital Management LP bought a new position in shares of BlackRock MuniYield Quality Fund III during the fourth quarter worth about $140,000. 34.01% of the stock is owned by institutional investors.

BlackRock MuniYield Quality Fund III Company Profile

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.