BlackRock MuniYield Quality Fund III (NYSE:MYI) Share Price Passes Above 200 Day Moving Average – Here’s Why

BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.92 and traded as high as $11.24. BlackRock MuniYield Quality Fund III shares last traded at $11.2150, with a volume of 106,586 shares trading hands.

BlackRock MuniYield Quality Fund III Price Performance

The stock’s fifty day moving average is $11.02 and its 200 day moving average is $10.92.

BlackRock MuniYield Quality Fund III Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be given a $0.0555 dividend. This represents a c) annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend is Friday, March 13th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of MYI. Fiera Capital Corp purchased a new stake in shares of BlackRock MuniYield Quality Fund III during the fourth quarter worth about $4,652,000. Hennion & Walsh Asset Management Inc. lifted its stake 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 valued at $17,077,000 after buying an additional 287,568 shares in the last quarter. Rockefeller Capital Management L.P. boosted its holdings in BlackRock MuniYield Quality Fund III by 376.3% in 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 buying an additional 186,602 shares during the last quarter. Balyasny Asset Management L.P. purchased a new stake in BlackRock MuniYield Quality Fund III during the 4th quarter worth approximately $1,523,000. Finally, Advisors Asset Management Inc. increased its stake in BlackRock MuniYield Quality Fund III by 25.1% during the 4th quarter. Advisors Asset Management Inc. now owns 512,926 shares of the investment management company’s stock worth $5,576,000 after buying an additional 102,753 shares in the last quarter. 34.01% of the stock is currently owned by hedge funds and other institutional investors.

About BlackRock MuniYield Quality Fund III

BlackRock MuniYield Quality Fund III (NYSE: MYI) is a closed-end management investment company that seeks to provide investors with a high level of current income exempt from federal income tax. The fund primarily invests in a diversified portfolio of investment-grade municipal securities, including bonds, notes and other debt obligations issued by state and local governments, agencies and authorities across the United States.

In managing its portfolio, the fund generally allocates at least 80% of its total assets to investment-grade municipal debt instruments.