BlackRock MuniYield Quality Fund III (NYSE:MYI) Sets New 52-Week Low – Here’s What Happened

BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $10.80 and last traded at $10.82, with a volume of 64032 shares. The stock had previously closed at $10.89.

BlackRock MuniYield Quality Fund III Stock Down 0.5 %

The company has a 50 day moving average of $11.11 and a 200-day moving average of $11.37.

BlackRock MuniYield Quality Fund III Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a $0.0555 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.67 annualized dividend and a dividend yield of 6.15%.

Institutional Trading of BlackRock MuniYield Quality Fund III

Large investors have recently modified their holdings of the business. First Western Trust Bank bought a new stake in BlackRock MuniYield Quality Fund III during the 3rd quarter valued at approximately $471,000. Larson Financial Group LLC boosted its position in BlackRock MuniYield Quality Fund III by 238.1% during the 3rd quarter. Larson Financial Group LLC now owns 6,085 shares of the investment management company’s stock valued at $73,000 after acquiring an additional 4,285 shares in the last quarter. Horizon Kinetics Asset Management LLC boosted its position in BlackRock MuniYield Quality Fund III by 5.2% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 44,854 shares of the investment management company’s stock valued at $538,000 after acquiring an additional 2,200 shares in the last quarter. Icon Wealth Advisors LLC bought a new stake in BlackRock MuniYield Quality Fund III during the 3rd quarter valued at approximately $104,000. Finally, Stifel Financial Corp boosted its position in BlackRock MuniYield Quality Fund III by 40.0% during the 3rd quarter. Stifel Financial Corp now owns 623,360 shares of the investment management company’s stock valued at $7,480,000 after acquiring an additional 177,997 shares in 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.