BlackRock MuniYield Quality Fund III (NYSE:MYI) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.89 and traded as high as $11.22. BlackRock MuniYield Quality Fund III shares last traded at $11.19, with a volume of 100,582 shares changing hands.

BlackRock MuniYield Quality Fund III Trading Down 0.2%

The business has a fifty day moving average price of $10.99 and a 200-day moving average price of $10.89.

BlackRock MuniYield Quality Fund III Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 13th will be paid a $0.0555 dividend. The ex-dividend date is Friday, March 13th. This represents a c) annualized dividend and a yield of 6.0%.

Institutional Investors Weigh In On BlackRock MuniYield Quality Fund III

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Trust Co. of Vermont acquired a new position in shares of BlackRock MuniYield Quality Fund III in the fourth quarter valued at about $25,000. Traub Capital Management LLC acquired a new stake in BlackRock MuniYield Quality Fund III in the 2nd quarter worth about $43,000. Geneos Wealth Management Inc. boosted its holdings in BlackRock MuniYield Quality Fund III by 803.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 5,053 shares of the investment management company’s stock valued at $56,000 after purchasing an additional 4,494 shares during the period. Elyxium Wealth LLC acquired a new position in shares of BlackRock MuniYield Quality Fund III during the 4th quarter worth approximately $69,000. Finally, Comerica Bank grew its position in shares of BlackRock MuniYield Quality Fund III by 22,586.2% during the 4th quarter. Comerica Bank now owns 6,579 shares of the investment management company’s stock worth $72,000 after purchasing an additional 6,550 shares in the last quarter. Institutional investors and hedge funds own 34.01% of the company’s stock.

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.