BlackRock MuniYield Quality Fund III (NYSE:MYI) Sees Strong Trading Volume After Dividend Announcement

BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) saw strong trading volume on Monday following a dividend announcement from the company. 126,511 shares were traded 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.

The newly announced dividend which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be given a $0.0555 dividend. This represents a $0.67 annualized dividend and a yield of 5.91%. The ex-dividend date of this dividend is Friday, November 15th.

BlackRock MuniYield Quality Fund III Price Performance

The firm’s 50-day moving average is $11.72 and its two-hundred day moving average is $11.39.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Hennion & Walsh Asset Management Inc. boosted its stake in 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 worth $11,843,000 after buying an additional 104,304 shares during the period. Eastern Bank purchased a new position in BlackRock MuniYield Quality Fund III during the third quarter worth $1,282,000. Raymond James & Associates boosted its stake 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 purchasing an additional 33,849 shares during the period. Callan Family Office LLC purchased a new stake in shares of BlackRock MuniYield Quality Fund III during the second quarter valued at $154,000. Finally, Sanctuary Advisors LLC purchased a new stake in shares of BlackRock MuniYield Quality Fund III during the second quarter valued at $502,000. 34.01% of the stock is owned by hedge funds and other 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.