BlackRock MuniYield Quality Fund III (NYSE:MYI) Sees Unusually-High Trading Volume – Should You Buy?

BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) shares saw unusually-strong trading volume on Monday . Approximately 238,561 shares were traded during mid-day trading, an increase of 28% from the previous session’s volume of 185,667 shares.The stock last traded at $10.43 and had previously closed at $10.45.

BlackRock MuniYield Quality Fund III Stock Up 1.1%

The business’s fifty day moving average is $11.03 and its 200-day moving average is $10.99.

BlackRock MuniYield Quality Fund III Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be paid a dividend of $0.0555 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 6.3%.

Institutional Trading of BlackRock MuniYield Quality Fund III

Institutional investors have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. boosted its position in BlackRock MuniYield Quality Fund III by 803.9% during the first quarter. Geneos Wealth Management Inc. now owns 5,053 shares of the investment management company’s stock valued at $56,000 after acquiring an additional 4,494 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in BlackRock MuniYield Quality Fund III by 1.4% in the second quarter. NewEdge Advisors LLC now owns 206,048 shares of the investment management company’s stock worth $2,161,000 after acquiring an additional 2,822 shares in the last quarter. Karpus Management Inc. boosted its holdings in BlackRock MuniYield Quality Fund III by 3.0% in the second quarter. Karpus Management Inc. now owns 327,800 shares of the investment management company’s stock worth $3,439,000 after acquiring an additional 9,600 shares in the last quarter. Jane Street Group LLC acquired a new stake in BlackRock MuniYield Quality Fund III in the second quarter valued at approximately $373,000. Finally, Kim LLC grew its stake in BlackRock MuniYield Quality Fund III by 1.1% in the second quarter. Kim LLC now owns 203,124 shares of the investment management company’s stock valued at $2,131,000 after acquiring an additional 2,117 shares during the period. 34.01% of the stock is currently owned by institutional investors.

About BlackRock MuniYield Quality Fund III

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.