BlackRock MuniYield Quality Fund III (NYSE:MYI) Share Price Crosses Above 200-Day Moving Average – What’s Next?

BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $10.61 and traded as high as $11.03. BlackRock MuniYield Quality Fund III shares last traded at $11.01, with a volume of 305,748 shares trading hands.

BlackRock MuniYield Quality Fund III Trading Up 0.2%

The stock’s 50-day moving average is $10.88 and its 200 day moving average is $10.61.

BlackRock MuniYield Quality Fund III Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Wednesday, October 15th will be issued a dividend of $0.0555 per share. This represents a c) annualized dividend and a dividend yield of 6.0%. The ex-dividend date is Wednesday, October 15th.

Institutional Trading of BlackRock MuniYield Quality Fund III

A number of institutional investors have recently bought and sold shares of MYI. Wolverine Asset Management LLC purchased a new position in BlackRock MuniYield Quality Fund III in the first quarter valued at about $40,000. Traub Capital Management LLC acquired a new stake in shares of BlackRock MuniYield Quality Fund III during the 2nd quarter valued at about $43,000. Geneos Wealth Management Inc. lifted its holdings in shares of BlackRock MuniYield Quality Fund III by 803.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 5,053 shares of the investment management company’s stock valued at $56,000 after buying an additional 4,494 shares during the last quarter. Chung Wu Investment Group LLC bought a new stake in shares of BlackRock MuniYield Quality Fund III in the 2nd quarter valued at approximately $63,000. Finally, Nomura Holdings Inc. acquired a new position in BlackRock MuniYield Quality Fund III in the second quarter worth approximately $105,000. Institutional investors and hedge funds own 34.01% of the company’s stock.

About BlackRock MuniYield Quality Fund III

BlackRock MuniYield Quality Fund III, Inc is a closed ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It invests primarily in a portfolio of long-term investment-grade municipal obligations exempt from federal income taxes.