BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) Shares Bought by HighTower Advisors LLC

HighTower Advisors LLC boosted its stake in shares of BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI - Free Report) by 65.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 151,639 shares of the investment management company's stock after buying an additional 60,093 shares during the period. HighTower Advisors LLC owned 0.22% of BlackRock MuniYield Quality Fund III worth $1,674,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Hennion & Walsh Asset Management Inc. grew its stake in BlackRock MuniYield Quality Fund III by 8.8% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 1,073,688 shares of the investment management company's stock valued at $11,854,000 after purchasing an additional 86,787 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in BlackRock MuniYield Quality Fund III during the fourth quarter valued at approximately $9,107,000. Stifel Financial Corp boosted its stake in BlackRock MuniYield Quality Fund III by 40.0% in the third quarter. Stifel Financial Corp now owns 623,360 shares of the investment management company's stock valued at $7,480,000 after acquiring an additional 177,997 shares in the last quarter. Van ECK Associates Corp grew its holdings in 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 worth $5,447,000 after purchasing an additional 22,585 shares during the last quarter. Finally, Capital Investment Advisors LLC lifted its holdings in shares of BlackRock MuniYield Quality Fund III by 0.7% during the 4th quarter. Capital Investment Advisors LLC now owns 261,498 shares of the investment management company's stock valued at $2,887,000 after purchasing an additional 1,748 shares during the last quarter. Institutional investors own 34.01% of the company's stock.

Remove Ads

BlackRock MuniYield Quality Fund III Stock Down 0.5 %

MYI stock traded down $0.06 on Thursday, hitting $10.89. 166,142 shares of the company's stock were exchanged, compared to its average volume of 192,992. The firm has a 50 day moving average price of $11.11 and a two-hundred day moving average price of $11.34. 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 Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a $0.0555 dividend. 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 6.12%.

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.