BlackRock MuniYield Quality Fund III (NYSE:MYI) Sets New 1-Year Low – What’s Next?

Shares of BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) hit a new 52-week low on Tuesday . The company traded as low as $10.80 and last traded at $10.82, with a volume of 64032 shares trading hands. The stock had previously closed at $10.89.

BlackRock MuniYield Quality Fund III Stock Performance

The business has a 50-day moving average of $11.10 and a two-hundred day moving average of $11.36.

BlackRock MuniYield Quality Fund III Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a $0.0555 dividend. This represents a $0.67 annualized dividend and a yield of 6.15%. The ex-dividend date of this dividend is Friday, March 14th.

Institutional Investors Weigh In On BlackRock MuniYield Quality Fund III

Institutional investors have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC purchased a new position in shares of BlackRock MuniYield Quality Fund III in the fourth quarter worth about $266,000. Mariner Investment Group LLC purchased a new position in BlackRock MuniYield Quality Fund III during the fourth quarter valued at approximately $451,000. Noble Wealth Management PBC purchased a new position in BlackRock MuniYield Quality Fund III during the fourth quarter valued at approximately $274,000. Van ECK Associates Corp raised its position in BlackRock MuniYield Quality Fund III by 4.8% during the fourth quarter. Van ECK Associates Corp now owns 493,421 shares of the investment management company’s stock valued at $5,447,000 after acquiring an additional 22,585 shares in the last quarter. Finally, Scarborough Advisors LLC purchased a new position in BlackRock MuniYield Quality Fund III during the fourth quarter valued at approximately $699,000. Institutional investors and hedge funds own 34.01% of the company’s stock.

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.