BlackRock MuniYield Quality Fund III (NYSE:MYI) Sees Strong Trading Volume – Time to Buy?

Shares of BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) saw strong trading volume on Thursday. 583,750 shares traded hands during mid-day trading, an increase of 107% from the previous session’s volume of 281,435 shares. The stock last traded at $9.6950 and had previously closed at $9.81.

BlackRock MuniYield Quality Fund III Trading Down 0.2%

The company has a fifty day moving average price of $10.56 and a 200-day moving average price of $10.78.

BlackRock MuniYield Quality Fund III Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 22nd. Investors of record on Friday, December 11th will be given a $0.0555 dividend. This represents a $0.67 annualized dividend and a yield of 6.8%. The ex-dividend date is Friday, December 11th.

Institutional Investors Weigh In On BlackRock MuniYield Quality Fund III

Large investors have recently added to or reduced their stakes in the stock. Rockefeller Capital Management L.P. raised its position in BlackRock MuniYield Quality Fund III by 0.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 249,293 shares of the investment management company’s stock valued at $2,710,000 after purchasing an additional 2,055 shares during the period. CoreCap Advisors LLC purchased a new position in shares of BlackRock MuniYield Quality Fund III in the 2nd quarter worth approximately $25,000. Geneos Wealth Management Inc. bought a new position in shares of BlackRock MuniYield Quality Fund III during the 1st quarter valued at approximately $42,000. EverSource Wealth Advisors LLC purchased a new stake in BlackRock MuniYield Quality Fund III during the 1st quarter valued at $44,000. Finally, Moors & Cabot Inc. raised its holdings in BlackRock MuniYield Quality Fund III by 17.1% during the 4th quarter. Moors & Cabot Inc. now owns 32,890 shares of the investment management company’s stock valued at $358,000 after buying an additional 4,800 shares during the period. 34.01% of the stock is owned by institutional investors.

About BlackRock MuniYield Quality Fund III

BlackRock MuniYield Quality Fund III, Inc (NYSE: MYI) is a closed-end investment company that seeks to provide current income exempt from regular U.S. federal income tax. The fund invests primarily in a portfolio of municipal bonds and other municipal obligations issued by states, cities, counties, and related public entities.

The fund generally focuses on investment-grade municipal securities, although it may also invest in lower-rated obligations when permitted by its investment policies.