Sit Investment Associates Inc. grew its position in shares of BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI - Free Report) by 21.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 316,454 shares of the investment management company's stock after buying an additional 55,701 shares during the quarter. Sit Investment Associates Inc. owned 0.46% of BlackRock MuniYield Quality Fund III worth $3,494,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in MYI. Creative Financial Designs Inc. ADV acquired a new position in BlackRock MuniYield Quality Fund III during the fourth quarter worth $43,000. Virtu Financial LLC acquired a new position in shares of BlackRock MuniYield Quality Fund III during the 4th quarter worth $185,000. Cresta Advisors Ltd. purchased a new position in shares of BlackRock MuniYield Quality Fund III in the 3rd quarter valued at about $204,000. Pathway Financial Advisers LLC purchased a new position in shares of BlackRock MuniYield Quality Fund III in the 4th quarter valued at about $211,000. Finally, Janney Montgomery Scott LLC purchased a new stake in BlackRock MuniYield Quality Fund III during the fourth quarter worth about $266,000. Hedge funds and other institutional investors own 34.01% of the company's stock.
BlackRock MuniYield Quality Fund III Trading Up 0.1 %
MYI traded up $0.02 on Friday, hitting $10.33. 308,674 shares of the company were exchanged, compared to its average volume of 230,281. BlackRock MuniYield Quality Fund III, Inc. has a fifty-two week low of $9.98 and a fifty-two week high of $12.07. The business's fifty day moving average is $10.99 and its 200 day moving average is $11.23.
BlackRock MuniYield Quality Fund III Announces Dividend
The company also recently declared a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be issued a $0.0555 dividend. This represents a $0.67 dividend on an annualized basis and a dividend yield of 6.45%. The ex-dividend date is Tuesday, April 15th.
About BlackRock MuniYield Quality Fund III
(
Free Report)
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.
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