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BlackRock MuniYield Quality Fund III, Inc. (NYSE: MYI - Get Free Report) crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $10.98 and traded as high as $11.07. BlackRock MuniYield Quality Fund III shares last traded at $11.0150, with a volume of 166,729 shares trading hands.
BlackRock MuniYield Quality Fund III, Inc. (NYSE: MYI - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $10.95 and traded as high as $11.26. BlackRock MuniYield Quality Fund III shares last traded at $11.2350, with a volume of 177,729 shares
BlackRock MuniYield Quality Fund III, Inc. (NYSE: MYI - Get Free Report) passed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $10.75 and traded as high as $10.93. BlackRock MuniYield Quality Fund III shares last traded at $10.91, with a volume of 119,139 shares trading hands.
Investment instruments should be used for their intended purposes; futures and options for capital excitement, Treasuries for income, and munis for tax-advantaged income. Municipal bonds (munis) offer tax-free income but come with credit risk, making diversification essential; building a personal diversified portfolio is costly and inefficient. Munis are attractive for those with a Federal income tax rate above 24%, providing better tax-equivalent yields despite higher risk and lower interest rates.
With the market at nosebleed valuations, where can we look for value and yield?
MYI is a Muni CEF managed by BlackRock with AUM over $800M. It pays a high 5.95% dividend tax free. MYI has a deep NAV Discount at 10.18%, which could be narrowed significantly with the recovery of Muni bond market. The current macro conditions and the strong summer seasonality favor Muni fund like MYI. It is a good time to buy MYI for income investors.
NEW YORK--(BUSINESS WIRE)--Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below. Municipal Funds: Declaration- 3/1/2024 Ex-Date- 3/14/2024 Record- 3/15/2024 Payable- 4/1/2024 National Funds Ticker Distribution Change From Prior Distribution BlackRock Municipal Income Quality Trust* BYM $0.052500 - BlackRock Long-Term Municipal Advantage Trust* BTA $0.043500 - BlackRock MuniAssets Fund, Inc.* MUA $0.055500 - BlackRock Municipal Income Fund, Inc.
NEW YORK--(BUSINESS WIRE)--The Boards of Directors/Trustees of BlackRock MuniYield Michigan Quality Fund, Inc. (NYSE: MIY), BlackRock MuniYield Pennsylvania Quality Fund (NYSE: MPA), BlackRock Virginia Municipal Bond Trust (NYSE: BHV), BlackRock Investment Quality Municipal Trust, Inc. (NYSE: BKN) and BlackRock MuniYield Quality Fund III, Inc. (NYSE: MYI) (each, a “Fund” and collectively, the “Funds”) today announced the withdrawal of merger proposals that were previously approved by the Boards.
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Transcripts source: company-published earnings calls. Speaker attribution and formatting are processed in-app.