Commonwealth Equity Services LLC lifted its stake in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI - Free Report) by 25.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 122,936 shares of the investment management company's stock after purchasing an additional 24,695 shares during the period. Commonwealth Equity Services LLC owned about 0.18% of BlackRock MuniYield Quality Fund III worth $1,357,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in the stock. Capital Investment Advisors LLC grew its stake in BlackRock MuniYield Quality Fund III by 0.7% in the 4th quarter. Capital Investment Advisors LLC now owns 261,498 shares of the investment management company's stock worth $2,887,000 after acquiring an additional 1,748 shares in the last quarter. Icon Wealth Advisors LLC purchased a new stake in shares of BlackRock MuniYield Quality Fund III in the 3rd quarter worth $104,000. Cresta Advisors Ltd. bought a new position in shares of BlackRock MuniYield Quality Fund III during the 3rd quarter worth $204,000. Pathway Financial Advisers LLC purchased a new position in shares of BlackRock MuniYield Quality Fund III during the fourth quarter valued at $211,000. Finally, Van ECK Associates Corp raised its holdings in shares of BlackRock MuniYield Quality Fund III by 4.8% in the fourth quarter. Van ECK Associates Corp now owns 493,421 shares of the investment management company's stock valued at $5,447,000 after acquiring an additional 22,585 shares in the last quarter. Hedge funds and other institutional investors own 34.01% of the company's stock.
BlackRock MuniYield Quality Fund III Stock Up 0.0 %
BlackRock MuniYield Quality Fund III stock traded up $0.01 during midday trading on Tuesday, hitting $11.00. 255,510 shares of the company's stock were exchanged, compared to its average volume of 222,118. The firm has a 50-day moving average of $11.10 and a two-hundred day moving average of $11.32. BlackRock MuniYield Quality Fund III, Inc. has a 12 month low of $10.73 and a 12 month high of $12.07.
BlackRock MuniYield Quality Fund III Dividend Announcement
The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be issued a dividend of $0.0555 per share. This represents a $0.67 annualized dividend and a yield of 6.06%. The ex-dividend date is Friday, March 14th.
BlackRock MuniYield Quality Fund III Company Profile
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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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