Advisors Asset Management Inc. Lowers Stock Holdings in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI)

Advisors Asset Management Inc. cut its holdings in shares of BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI - Free Report) by 14.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 434,355 shares of the investment management company's stock after selling 75,721 shares during the quarter. Advisors Asset Management Inc. owned about 0.64% of BlackRock MuniYield Quality Fund III worth $4,795,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Creative Financial Designs Inc. ADV acquired a new position in shares of BlackRock MuniYield Quality Fund III during the 4th quarter worth approximately $43,000. Larson Financial Group LLC boosted its stake in BlackRock MuniYield Quality Fund III by 238.1% during the third quarter. Larson Financial Group LLC now owns 6,085 shares of the investment management company's stock worth $73,000 after buying an additional 4,285 shares during the last quarter. Icon Wealth Advisors LLC purchased a new stake in BlackRock MuniYield Quality Fund III in the 3rd quarter valued at $104,000. Cresta Advisors Ltd. acquired a new stake in shares of BlackRock MuniYield Quality Fund III in the 3rd quarter worth $204,000. Finally, Pathway Financial Advisers LLC purchased a new position in shares of BlackRock MuniYield Quality Fund III during the 4th quarter worth $211,000. Hedge funds and other institutional investors own 34.01% of the company's stock.

BlackRock MuniYield Quality Fund III Trading Up 0.8 %

Shares of MYI traded up $0.08 during mid-day trading on Monday, reaching $11.10. The stock had a trading volume of 445,555 shares, compared to its average volume of 223,983. BlackRock MuniYield Quality Fund III, Inc. has a 52-week low of $10.73 and a 52-week high of $12.07. The business's fifty day moving average is $11.10 and its 200 day moving average is $11.35.

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BlackRock MuniYield Quality Fund III Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.0555 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.67 dividend on an annualized basis and a dividend yield of 6.00%.

About BlackRock MuniYield Quality Fund III

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.