BlackRock MuniYield Quality Fund III (NYSE:MYI) Sees Strong Trading Volume – What’s Next?

Shares of BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) saw strong trading volume on Thursday. 797,673 shares changed hands during trading, an increase of 147% from the previous session’s volume of 323,388 shares. The stock last traded at $9.3710 and had previously closed at $9.47.

BlackRock MuniYield Quality Fund III Price Performance

The company’s 50-day moving average is $10.38 and its two-hundred day moving average is $10.70.

BlackRock MuniYield Quality Fund III Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 22nd. Stockholders of record on Friday, December 11th will be paid a $0.0555 dividend. This represents a $0.67 dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date is Friday, December 11th.

Institutional Trading of BlackRock MuniYield Quality Fund III

Large investors have recently added to or reduced their stakes in the stock. CoreCap Advisors LLC bought a new position in BlackRock MuniYield Quality Fund III during the second quarter valued at $25,000. Geneos Wealth Management Inc. purchased a new stake in BlackRock MuniYield Quality Fund III during the 1st quarter worth about $42,000. EverSource Wealth Advisors LLC purchased a new stake in shares of BlackRock MuniYield Quality Fund III in the first quarter worth about $44,000. Fifth Third Bancorp purchased a new stake in BlackRock MuniYield Quality Fund III in the 1st quarter worth approximately $86,000. Finally, Citizens National Bank Trust Department purchased a new position in BlackRock MuniYield Quality Fund III during the first quarter worth about $103,000. Hedge funds and other institutional investors own 34.01% of the company’s stock.

About BlackRock MuniYield Quality Fund III

BlackRock MuniYield Quality Fund III, Inc (NYSE: MYI) is a closed-end municipal bond fund managed by BlackRock. The fund seeks to provide current income that is exempt from regular federal income tax, with capital appreciation as a secondary objective.

The fund invests primarily in long-term municipal obligations issued by states, municipalities and other public entities throughout the United States. Its portfolio may include bonds financing public infrastructure and essential services, such as transportation, education, health care, utilities and other government-related projects.