BlackRock MuniYield Quality Fund III (NYSE:MYI) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-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 Price Performance

The company has a 50 day moving average of $10.91 and a 200 day moving average of $10.95.

BlackRock MuniYield Quality Fund III Dividend Announcement

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

Institutional Trading of BlackRock MuniYield Quality Fund III

Hedge funds have recently modified their holdings of the company. Riverbridge Partners LLC bought a new stake in BlackRock MuniYield Quality Fund III during the 1st quarter worth approximately $774,000. Fiera Capital Corp acquired a new position in BlackRock MuniYield Quality Fund III in the fourth quarter worth $4,652,000. Rareview Capital LLC grew its holdings in shares of BlackRock MuniYield Quality Fund III by 22.1% during the first quarter. Rareview Capital LLC now owns 461,043 shares of the investment management company’s stock worth $4,836,000 after purchasing an additional 83,565 shares during the last quarter. Fortitude Advisory Group L.L.C. bought a new stake in shares of BlackRock MuniYield Quality Fund III during the first quarter worth $189,000. Finally, Realta Investment Advisors bought a new position in shares of BlackRock MuniYield Quality Fund III in the first quarter valued at about $140,000. Institutional investors and hedge funds own 34.01% of the company’s stock.

About BlackRock MuniYield Quality Fund III

BlackRock MuniYield Quality Fund III (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.