Mariner Investment Group LLC bought a new position in shares of BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 40,818 shares of the investment management company's stock, valued at approximately $451,000. Mariner Investment Group LLC owned 0.06% of BlackRock MuniYield Quality Fund III as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Stifel Financial Corp boosted its position in BlackRock MuniYield Quality Fund III by 40.0% during the third quarter. Stifel Financial Corp now owns 623,360 shares of the investment management company's stock worth $7,480,000 after purchasing an additional 177,997 shares in the last quarter. Eastern Bank purchased a new position in BlackRock MuniYield Quality Fund III during the third quarter worth approximately $1,282,000. Hennion & Walsh Asset Management Inc. boosted its position in BlackRock MuniYield Quality Fund III by 11.8% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 986,901 shares of the investment management company's stock worth $11,843,000 after purchasing an additional 104,304 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in BlackRock MuniYield Quality Fund III during the second quarter worth approximately $502,000. Finally, International Assets Investment Management LLC boosted its position in BlackRock MuniYield Quality Fund III by 1,108.2% during the third quarter. International Assets Investment Management LLC now owns 44,872 shares of the investment management company's stock worth $5,380,000 after purchasing an additional 41,158 shares in the last quarter. 34.01% of the stock is owned by institutional investors and hedge funds.
BlackRock MuniYield Quality Fund III Stock Performance
MYI stock traded up $0.08 during mid-day trading on Monday, reaching $11.12. 185,829 shares of the company's stock were exchanged, compared to its average volume of 182,540. The stock's 50 day moving average is $11.20 and its 200 day moving average is $11.45. BlackRock MuniYield Quality Fund III, Inc. has a 12-month low of $10.83 and a 12-month high of $12.07.
BlackRock MuniYield Quality Fund III Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be given a $0.0555 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $0.67 annualized dividend and a dividend yield of 5.99%.
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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