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

BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYIGet Free Report)’s share price reached a new 52-week low during trading on Thursday . The stock traded as low as $10.33 and last traded at $10.31, with a volume of 56405 shares changing hands. The stock had previously closed at $10.38.

BlackRock MuniYield Quality Fund III Price Performance

The firm has a fifty day moving average of $10.79 and a 200 day moving average of $10.87.

Institutional Trading of BlackRock MuniYield Quality Fund III

A number of large investors have recently made changes to their positions in the stock. CoreCap Advisors LLC bought a new position in BlackRock MuniYield Quality Fund III during the second quarter valued at approximately $25,000. Geneos Wealth Management Inc. bought a new stake in BlackRock MuniYield Quality Fund III in the 1st quarter worth approximately $42,000. EverSource Wealth Advisors LLC purchased a new stake in BlackRock MuniYield Quality Fund III during the 1st quarter valued at $44,000. Elyxium Wealth LLC purchased a new stake in BlackRock MuniYield Quality Fund III during the 4th quarter valued at $69,000. Finally, Comerica Bank lifted its holdings in shares of BlackRock MuniYield Quality Fund III by 22,586.2% during the 4th quarter. Comerica Bank now owns 6,579 shares of the investment management company’s stock valued at $72,000 after buying an additional 6,550 shares during the period. 34.01% of the stock is currently owned by institutional investors.

BlackRock MuniYield Quality Fund III Company Profile

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BlackRock MuniYield Quality Fund III (NYSE: MYI) is a closed-end management investment company that seeks to provide investors with a high level of current income exempt from federal income tax. The fund primarily invests in a diversified portfolio of investment-grade municipal securities, including bonds, notes and other debt obligations issued by state and local governments, agencies and authorities across the United States.

In managing its portfolio, the fund generally allocates at least 80% of its total assets to investment-grade municipal debt instruments.

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