BlackRock MuniYield Quality Fund III (NYSE:MYI) Stock Breaks Above 50 Day Moving Average – What’s Next?

BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI)’s share price passed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $10.06 and traded as high as $10.11. BlackRock MuniYield Quality Fund III shares last traded at $10.1020, with a volume of 633,136 shares traded.

BlackRock MuniYield Quality Fund III Stock Up 1.0%

The business’s 50 day moving average is $10.06 and its 200-day moving average is $10.72.

BlackRock MuniYield Quality Fund III Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 22nd. Shareholders of record on Friday, December 11th will be issued a $0.0555 dividend. This represents a $0.67 annualized dividend and a yield of 6.6%. The ex-dividend date is Friday, December 11th.

Institutional Investors Weigh In On BlackRock MuniYield Quality Fund III

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CoreCap Advisors LLC acquired a new position in BlackRock MuniYield Quality Fund III during the second quarter worth $25,000. Geneos Wealth Management Inc. acquired a new position in shares of BlackRock MuniYield Quality Fund III during the first quarter worth about $42,000. EverSource Wealth Advisors LLC purchased a new stake in shares of BlackRock MuniYield Quality Fund III in the 1st quarter valued at approximately $44,000. Fifth Third Bancorp purchased a new position in BlackRock MuniYield Quality Fund III in the first quarter valued at $86,000. Finally, Farther Finance Advisors LLC raised its position in shares of BlackRock MuniYield Quality Fund III by 69.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 9,762 shares of the investment management company’s stock worth $94,000 after acquiring an additional 4,000 shares in the last quarter. Institutional investors and hedge funds own 34.01% of the company’s stock.

About BlackRock MuniYield Quality Fund III

BlackRock MuniYield Quality Fund III, Inc (NYSE: MYI) is a closed-end investment company that seeks to provide current income that is exempt from regular U.S. federal income tax. The fund primarily invests in municipal obligations issued by states, territories, and local governments, as well as related public authorities.

The fund’s portfolio may include tax-exempt bonds and other municipal securities used to finance public infrastructure and services, such as schools, transportation systems, utilities, and healthcare facilities.