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

BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) shares saw unusually-high trading volume on Monday following a dividend announcement from the company. Approximately 126,511 shares were traded during mid-day 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. Stockholders of record on Friday, November 15th will be paid a dividend of $0.0555 per share. This represents a $0.67 dividend on an annualized basis and a dividend yield of 5.91%. The ex-dividend date is Friday, November 15th.

BlackRock MuniYield Quality Fund III Stock Up 0.4 %

The firm has a fifty day moving average of $11.72 and a two-hundred day moving average of $11.39.

Institutional Trading of BlackRock MuniYield Quality Fund III

Institutional investors and hedge funds have recently made changes to their positions in the company. Strategies Wealth Advisors LLC raised its holdings in BlackRock MuniYield Quality Fund III by 5.3% in the second quarter. Strategies Wealth Advisors LLC now owns 25,755 shares of the investment management company’s stock worth $288,000 after purchasing an additional 1,300 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in BlackRock MuniYield Quality Fund III by 4.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 45,728 shares of the investment management company’s stock worth $511,000 after purchasing an additional 1,940 shares in the last quarter. International Assets Investment Management LLC bought a new position in BlackRock MuniYield Quality Fund III in the second quarter worth about $42,000. Melfa Wealth Management Inc. raised its holdings in BlackRock MuniYield Quality Fund III by 1.9% in the third quarter. Melfa Wealth Management Inc. now owns 240,790 shares of the investment management company’s stock worth $2,889,000 after purchasing an additional 4,512 shares in the last quarter. Finally, Wolverine Asset Management LLC bought a new position in BlackRock MuniYield Quality Fund III in the second quarter worth about $80,000. 34.01% of the stock is currently owned by institutional investors.

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.