BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI – Get Free Report)’s share price passed above its 50-day moving average during trading on Thursday. The stock has a 50-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 Price Performance
The company has a 50-day simple moving average of $10.05 and a two-hundred day simple moving average of $10.72.
BlackRock MuniYield Quality Fund III Dividend Announcement
The company also recently declared a monthly dividend, which will be paid on Tuesday, December 1st. Investors of record on Friday, November 13th will be issued a dividend of $0.0555 per share. This represents a $0.67 dividend on an annualized basis and a yield of 6.6%. The ex-dividend date is Friday, November 13th.
Institutional Investors Weigh In On BlackRock MuniYield Quality Fund III
Institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada raised its position in BlackRock MuniYield Quality Fund III by 58.8% during the 1st quarter. Royal Bank of Canada now owns 349,623 shares of the investment management company’s stock valued at $3,675,000 after purchasing an additional 129,414 shares during the last quarter. Focused Wealth Management Inc purchased a new stake in BlackRock MuniYield Quality Fund III in the 2nd quarter worth approximately $1,886,000. Bank of America Corp DE grew its position in shares of BlackRock MuniYield Quality Fund III by 78.6% in the 1st quarter. Bank of America Corp DE now owns 1,173,240 shares of the investment management company’s stock worth $12,331,000 after buying an additional 516,460 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of BlackRock MuniYield Quality Fund III in the 1st quarter worth approximately $1,021,000. Finally, Indiana Trust & Investment Management Co bought a new stake in shares of BlackRock MuniYield Quality Fund III in the 1st quarter worth approximately $959,000. Hedge funds and other institutional investors own 34.01% of the company’s stock.
BlackRock MuniYield Quality Fund III Company Profile
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.
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