BlackRock MuniYield Quality Fund III (NYSE:MYI) Reaches New 1-Year High at $11.98

BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $11.98 and last traded at $11.97, with a volume of 108045 shares changing hands. The stock had previously closed at $11.89.

BlackRock MuniYield Quality Fund III Stock Up 0.1 %

The company’s fifty day simple moving average is $11.55 and its 200-day simple moving average is $11.30.

BlackRock MuniYield Quality Fund III Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be issued a $0.0555 dividend. This represents a $0.67 annualized dividend and a yield of 5.55%. The ex-dividend date of this dividend is Tuesday, October 15th.

Institutional Investors Weigh In On BlackRock MuniYield Quality Fund III

Several institutional investors and hedge funds have recently bought and sold shares of MYI. Strategies Wealth Advisors LLC grew its holdings in shares of BlackRock MuniYield Quality Fund III by 5.3% in the 2nd quarter. Strategies Wealth Advisors LLC now owns 25,755 shares of the investment management company’s stock worth $288,000 after purchasing an additional 1,300 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of BlackRock MuniYield Quality Fund III by 4.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 45,728 shares of the investment management company’s stock worth $511,000 after purchasing an additional 1,940 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of BlackRock MuniYield Quality Fund III in the 2nd quarter worth about $42,000. American National Bank bought a new stake in shares of BlackRock MuniYield Quality Fund III in the 1st quarter worth about $53,000. Finally, Wolverine Asset Management LLC bought a new stake in shares of BlackRock MuniYield Quality Fund III in the 2nd quarter worth about $80,000. Institutional investors own 34.01% of the company’s stock.

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.