BlackRock MuniYield Quality Fund III (NYSE:MYI) Sees Strong Trading Volume – What’s Next?

Shares of BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) saw unusually-strong trading volume on Friday . Approximately 388,664 shares changed hands during trading, an increase of 97% from the previous session’s volume of 197,151 shares.The stock last traded at $10.7250 and had previously closed at $10.73.

BlackRock MuniYield Quality Fund III Price Performance

The company has a 50-day moving average price of $10.95 and a 200-day moving average price of $10.74.

BlackRock MuniYield Quality Fund III Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd will be issued a dividend of $0.0555 per share. The ex-dividend date is Monday, December 22nd. This represents a c) dividend on an annualized basis and a yield of 6.2%.

Institutional Trading of BlackRock MuniYield Quality Fund III

Institutional investors and hedge funds have recently modified their holdings of the stock. Hennion & Walsh Asset Management Inc. boosted its stake in BlackRock MuniYield Quality Fund III by 22.9% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 1,541,283 shares of the investment management company’s stock worth $17,077,000 after acquiring an additional 287,568 shares during the last quarter. Rockefeller Capital Management L.P. increased its stake in BlackRock MuniYield Quality Fund III by 376.3% in the second quarter. Rockefeller Capital Management L.P. now owns 236,192 shares of the investment management company’s stock valued at $2,478,000 after purchasing an additional 186,602 shares in the last quarter. Raymond James Financial Inc. raised its holdings in BlackRock MuniYield Quality Fund III by 19.6% in the first quarter. Raymond James Financial Inc. now owns 986,932 shares of the investment management company’s stock worth $10,846,000 after purchasing an additional 162,048 shares during the period. Mackay Shields LLC bought a new position in shares of BlackRock MuniYield Quality Fund III during the second quarter worth $926,000. Finally, Horizon Kinetics Asset Management LLC boosted its position in shares of BlackRock MuniYield Quality Fund III by 132.5% during the second quarter. Horizon Kinetics Asset Management LLC now owns 104,299 shares of the investment management company’s stock worth $1,094,000 after purchasing an additional 59,445 shares in the last quarter. 34.01% of the stock is owned by institutional investors.

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.