BlackRock MuniYield Quality Fund III (NYSE:MYI) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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 changing hands.

BlackRock MuniYield Quality Fund III Stock Performance

The business’s 50-day moving average price is $10.94 and its two-hundred day moving average price is $10.82.

BlackRock MuniYield Quality Fund III Dividend Announcement

The business also recently announced 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. The ex-dividend date of this dividend is Friday, March 13th. This represents a c) annualized dividend and a dividend yield of 6.1%.

Hedge Funds Weigh In On BlackRock MuniYield Quality Fund III

Several large investors have recently modified their holdings of the stock. Trust Co. of Vermont bought a new stake in BlackRock MuniYield Quality Fund III in the fourth quarter valued at about $25,000. Traub Capital Management LLC acquired a new position in shares of BlackRock MuniYield Quality Fund III in the 2nd quarter worth approximately $43,000. Geneos Wealth Management Inc. increased its holdings in shares of BlackRock MuniYield Quality Fund III by 803.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 5,053 shares of the investment management company’s stock valued at $56,000 after acquiring 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, Prestige Wealth Management Group LLC acquired a new stake in shares of BlackRock MuniYield Quality Fund III during the 3rd quarter valued at approximately $83,000. Institutional investors own 34.01% of the company’s stock.

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.