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)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.95 and traded as high as $11.26. BlackRock MuniYield Quality Fund III shares last traded at $11.2350, with a volume of 177,729 shares trading hands.

BlackRock MuniYield Quality Fund III Stock Performance

The stock’s fifty day moving average is $11.06 and its two-hundred day moving average is $10.95.

BlackRock MuniYield Quality Fund III Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be given a dividend of $0.0555 per share. This represents a c) annualized dividend and a yield of 5.9%. The ex-dividend date 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 modified their holdings of the stock. Virtu Financial LLC purchased a new stake in BlackRock MuniYield Quality Fund III during the 4th quarter valued at about $449,000. Invesco Ltd. boosted its stake in shares of BlackRock MuniYield Quality Fund III by 5.3% during the fourth quarter. Invesco Ltd. now owns 176,336 shares of the investment management company’s stock valued at $1,917,000 after purchasing an additional 8,807 shares during the period. Coastal Bridge Advisors LLC grew its holdings in shares of BlackRock MuniYield Quality Fund III by 0.8% in the fourth quarter. Coastal Bridge Advisors LLC now owns 173,968 shares of the investment management company’s stock worth $1,891,000 after purchasing an additional 1,366 shares during the last quarter. XTX Topco Ltd purchased a new position in shares of BlackRock MuniYield Quality Fund III in the fourth quarter worth $308,000. Finally, Readystate Asset Management LP purchased a new position in shares of BlackRock MuniYield Quality Fund III in the fourth quarter worth $356,000. 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.