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BlackRock MuniYield Quality Fund III (NYSE:MYI) Sets New 52-Week Low - Here's Why

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

BlackRock MuniYield Quality Fund III Price Performance

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

BlackRock MuniYield Quality Fund III Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.0555 per share. The ex-dividend date is Friday, March 14th. This represents a $0.67 dividend on an annualized basis and a dividend yield of 6.05%.

Institutional Trading of BlackRock MuniYield Quality Fund III

A number of institutional investors have recently bought and sold shares of MYI. Creative Financial Designs Inc. ADV acquired a new stake in shares of BlackRock MuniYield Quality Fund III during the fourth quarter worth $43,000. Larson Financial Group LLC grew its stake in BlackRock MuniYield Quality Fund III by 238.1% during the 3rd quarter. Larson Financial Group LLC now owns 6,085 shares of the investment management company's stock valued at $73,000 after purchasing an additional 4,285 shares during the last quarter. Icon Wealth Advisors LLC acquired a new position in shares of BlackRock MuniYield Quality Fund III in the third quarter valued at about $104,000. Citadel Advisors LLC purchased a new position in shares of BlackRock MuniYield Quality Fund III in the fourth quarter worth about $131,000. Finally, Two Sigma Securities LLC acquired a new stake in shares of BlackRock MuniYield Quality Fund III during the fourth quarter worth about $141,000. 34.01% of the stock is currently owned by institutional investors and hedge funds.

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BlackRock MuniYield Quality Fund III Company Profile

(Get Free Report)

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.

Further Reading

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