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

BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $10.61 and traded as high as $11.03. BlackRock MuniYield Quality Fund III shares last traded at $11.01, with a volume of 305,748 shares changing hands.

BlackRock MuniYield Quality Fund III Stock Up 0.2%

The stock has a 50 day moving average of $10.88 and a two-hundred day moving average of $10.61.

BlackRock MuniYield Quality Fund III Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Wednesday, October 15th will be paid a $0.0555 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date is Wednesday, October 15th.

Institutional Trading of BlackRock MuniYield Quality Fund III

Several large investors have recently modified their holdings of MYI. Hennion & Walsh Asset Management Inc. raised its holdings in BlackRock MuniYield Quality Fund III by 22.9% in 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 period. Raymond James Financial Inc. grew its position in shares of 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 valued at $10,846,000 after purchasing an additional 162,048 shares during the last quarter. Advisors Asset Management Inc. increased its stake in shares of BlackRock MuniYield Quality Fund III by 10.3% in the second quarter. Advisors Asset Management Inc. now owns 390,021 shares of the investment management company’s stock worth $4,091,000 after purchasing an additional 36,349 shares during the period. Karpus Management Inc. increased its stake in shares of BlackRock MuniYield Quality Fund III by 3.0% in the second quarter. Karpus Management Inc. now owns 327,800 shares of the investment management company’s stock worth $3,439,000 after purchasing an additional 9,600 shares during the period. Finally, Rockefeller Capital Management L.P. lifted its position in shares of BlackRock MuniYield Quality Fund III by 376.3% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 236,192 shares of the investment management company’s stock worth $2,478,000 after purchasing an additional 186,602 shares during the last quarter. 34.01% of the stock is owned by institutional investors.

About BlackRock MuniYield Quality Fund III

BlackRock MuniYield Quality Fund III, Inc is a closed ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It invests primarily in a portfolio of long-term investment-grade municipal obligations exempt from federal income taxes.