BlackRock MuniYield Quality Fund III (NYSE:MYI) Shares Cross Above 200-Day Moving Average – Should You Sell?

Shares of BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $10.71 and traded as high as $10.98. BlackRock MuniYield Quality Fund III shares last traded at $10.91, with a volume of 150,868 shares changing hands.

BlackRock MuniYield Quality Fund III Price Performance

The firm has a 50 day moving average of $11.00 and a two-hundred day moving average of $10.72.

BlackRock MuniYield Quality Fund III Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Monday, December 1st. Stockholders of record on Friday, November 14th were issued a dividend of $0.0555 per share. The ex-dividend date was Friday, November 14th. This represents a c) annualized dividend and a dividend yield of 6.1%.

Institutional Trading of BlackRock MuniYield Quality Fund III

Several institutional investors have recently bought and sold shares of the company. Traub Capital Management LLC purchased a new position in BlackRock MuniYield Quality Fund III in the second quarter worth about $43,000. Geneos Wealth Management Inc. increased its position in shares of BlackRock MuniYield Quality Fund III by 803.9% during the first quarter. Geneos Wealth Management Inc. now owns 5,053 shares of the investment management company’s stock valued at $56,000 after acquiring an additional 4,494 shares in the last quarter. Chung Wu Investment Group LLC bought a new stake in shares of BlackRock MuniYield Quality Fund III during the second quarter valued at approximately $63,000. Prestige Wealth Management Group LLC purchased a new position in BlackRock MuniYield Quality Fund III in the 3rd quarter worth approximately $83,000. Finally, Nomura Holdings Inc. bought a new position in BlackRock MuniYield Quality Fund III in the 2nd quarter valued at approximately $105,000. 34.01% of the stock is owned by hedge funds and other institutional investors.

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.