BlackRock MuniYield Quality Fund III (NYSE:MYI) Sees Unusually-High Trading Volume – Time to Buy?

Shares of BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) saw unusually-strong trading volume on Monday . Approximately 126,511 shares changed hands during trading, a decline of 43% from the previous session’s volume of 221,028 shares.The stock last traded at $11.28 and had previously closed at $11.16.

BlackRock MuniYield Quality Fund III Trading Up 0.6 %

The stock’s 50 day simple moving average is $11.73 and its two-hundred day simple moving average is $11.38.

BlackRock MuniYield Quality Fund III Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th were paid a dividend of $0.0555 per share. This represents a $0.67 dividend on an annualized basis and a dividend yield of 5.93%. The ex-dividend date of this dividend was Tuesday, October 15th.

Institutional Investors Weigh In On BlackRock MuniYield Quality Fund III

Institutional investors and hedge funds have recently made changes to their positions in the company. Hennion & Walsh Asset Management Inc. increased its position in shares of BlackRock MuniYield Quality Fund III by 11.8% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 986,901 shares of the investment management company’s stock valued at $11,843,000 after acquiring an additional 104,304 shares in the last quarter. Eastern Bank bought a new stake in shares of BlackRock MuniYield Quality Fund III during the third quarter valued at approximately $1,282,000. Raymond James & Associates increased its position in shares of BlackRock MuniYield Quality Fund III by 8.6% during the second quarter. Raymond James & Associates now owns 427,081 shares of the investment management company’s stock valued at $4,775,000 after acquiring an additional 33,849 shares in the last quarter. Callan Family Office LLC bought a new stake in shares of BlackRock MuniYield Quality Fund III during the second quarter valued at approximately $154,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of BlackRock MuniYield Quality Fund III during the second quarter valued at approximately $502,000. 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.