Hennion & Walsh Asset Management Inc. grew its position in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI - Free Report) by 11.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 986,901 shares of the investment management company's stock after buying an additional 104,304 shares during the period. BlackRock MuniYield Quality Fund III makes up 0.6% of Hennion & Walsh Asset Management Inc.'s portfolio, making the stock its 28th largest position. Hennion & Walsh Asset Management Inc. owned approximately 1.45% of BlackRock MuniYield Quality Fund III worth $11,843,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in the company. Fisher Asset Management LLC acquired a new stake in BlackRock MuniYield Quality Fund III during the 4th quarter worth approximately $191,000. Raymond James & Associates raised its holdings in shares of BlackRock MuniYield Quality Fund III by 8.6% during the second quarter. Raymond James & Associates now owns 427,081 shares of the investment management company's stock worth $4,775,000 after acquiring an additional 33,849 shares during the period. Callan Family Office LLC bought a new stake in BlackRock MuniYield Quality Fund III in the 2nd quarter valued at $154,000. Cambridge Trust Co. lifted its position in BlackRock MuniYield Quality Fund III by 24.0% in the 1st quarter. Cambridge Trust Co. now owns 57,010 shares of the investment management company's stock valued at $653,000 after acquiring an additional 11,050 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in BlackRock MuniYield Quality Fund III in the 2nd quarter worth $502,000. Institutional investors own 34.01% of the company's stock.
BlackRock MuniYield Quality Fund III Stock Performance
Shares of MYI traded down $0.12 during midday trading on Thursday, hitting $11.37. The stock had a trading volume of 279,676 shares, compared to its average volume of 217,295. The company has a 50 day simple moving average of $11.76 and a two-hundred day simple moving average of $11.38. BlackRock MuniYield Quality Fund III, Inc. has a twelve month low of $9.32 and a twelve month high of $12.07.
BlackRock MuniYield Quality Fund III Dividend Announcement
The company also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be issued a dividend of $0.0555 per share. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $0.67 dividend on an annualized basis and a dividend yield of 5.86%.
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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