BlackRock MuniYield Quality Fund III (NYSE:MYI) Sees Strong Trading Volume – Here’s Why

BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) shares saw an uptick in trading volume on Thursday . 422,000 shares traded hands during trading, an increase of 84% from the previous session’s volume of 229,253 shares.The stock last traded at $10.92 and had previously closed at $10.98.

BlackRock MuniYield Quality Fund III Trading Down 0.6 %

The firm’s 50 day simple moving average is $11.36 and its 200-day simple moving average is $11.46.

BlackRock MuniYield Quality Fund III Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be paid a dividend of $0.0555 per share. The ex-dividend date is Monday, December 16th. This represents a $0.67 annualized dividend and a yield of 6.10%.

Institutional Trading of BlackRock MuniYield Quality Fund III

Hedge funds have recently bought and sold shares of the business. Cresta Advisors Ltd. purchased a new stake in shares of BlackRock MuniYield Quality Fund III in the third quarter valued at approximately $204,000. Stifel Financial Corp boosted its stake in BlackRock MuniYield Quality Fund III by 40.0% during the third quarter. Stifel Financial Corp now owns 623,360 shares of the investment management company’s stock worth $7,480,000 after buying an additional 177,997 shares during the last quarter. Icon Wealth Advisors LLC purchased a new stake in BlackRock MuniYield Quality Fund III in the 3rd quarter valued at $104,000. Horizon Kinetics Asset Management LLC increased its stake in shares of BlackRock MuniYield Quality Fund III by 5.2% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 44,854 shares of the investment management company’s stock worth $538,000 after acquiring an additional 2,200 shares during the last quarter. Finally, Larson Financial Group LLC raised its holdings in shares of 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 worth $73,000 after acquiring an additional 4,285 shares during the period. Institutional investors and hedge funds own 34.01% of the company’s stock.

BlackRock MuniYield Quality Fund III Company Profile

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.