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

BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $10.79 and traded as high as $11.08. BlackRock MuniYield Quality Fund III shares last traded at $11.05, with a volume of 223,818 shares.

BlackRock MuniYield Quality Fund III Stock Up 0.5%

The firm’s 50-day moving average price is $10.92 and its two-hundred day moving average price is $10.79.

BlackRock MuniYield Quality Fund III Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be given a $0.0555 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date of this dividend is Friday, March 13th.

Institutional Investors Weigh In On BlackRock MuniYield Quality Fund III

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Geneos Wealth Management Inc. raised 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 purchasing an additional 4,494 shares in the last quarter. Camelot Portfolios LLC increased its position in shares of BlackRock MuniYield Quality Fund III by 8.1% during the second quarter. Camelot Portfolios LLC now owns 18,561 shares of the investment management company’s stock valued at $195,000 after purchasing an additional 1,387 shares during the period. Janney Montgomery Scott LLC increased its stake in BlackRock MuniYield Quality Fund III by 18.4% in the second quarter. Janney Montgomery Scott LLC now owns 25,884 shares of the investment management company’s stock valued at $272,000 after acquiring an additional 4,023 shares during the period. River Street Advisors LLC acquired a new position in shares of BlackRock MuniYield Quality Fund III in the 2nd quarter worth approximately $140,000. Finally, Chung Wu Investment Group LLC acquired a new stake in shares of BlackRock MuniYield Quality Fund III in the 2nd quarter valued at $63,000. 34.01% of the stock is owned by hedge funds and other 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.