BlackRock MuniYield Quality Fund III (NYSE:MYI) Hits New 1-Year High at $11.73

BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $11.73 and last traded at $11.73, with a volume of 253413 shares changing hands. The stock had previously closed at $11.63.

BlackRock MuniYield Quality Fund III Stock Up 0.3 %

The firm has a 50 day moving average of $11.47 and a 200 day moving average of $11.28.

BlackRock MuniYield Quality Fund III Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Monday, September 16th will be given a dividend of $0.0555 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $0.67 dividend on an annualized basis and a yield of 5.60%.

Institutional Trading of BlackRock MuniYield Quality Fund III

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Sanctuary Advisors LLC bought a new position in shares of BlackRock MuniYield Quality Fund III in the second quarter valued at approximately $502,000. Northwestern Mutual Wealth Management Co. boosted its holdings in 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 valued at $511,000 after purchasing an additional 1,940 shares during the period. NewEdge Advisors LLC grew its position in shares of BlackRock MuniYield Quality Fund III by 9.4% during the 2nd quarter. NewEdge Advisors LLC now owns 156,072 shares of the investment management company’s stock valued at $1,745,000 after purchasing an additional 13,357 shares in the last quarter. Wolverine Asset Management LLC bought a new position in shares of BlackRock MuniYield Quality Fund III in the second quarter worth $80,000. Finally, Van ECK Associates Corp raised its position in shares of BlackRock MuniYield Quality Fund III by 17.9% in the second quarter. Van ECK Associates Corp now owns 492,047 shares of the investment management company’s stock worth $5,501,000 after buying an additional 74,557 shares in the last quarter. 34.01% of the stock is currently owned by institutional investors.

About BlackRock MuniYield Quality Fund III

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.