Pathstone Holdings LLC Reduces Holdings in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI)

Pathstone Holdings LLC lowered its holdings in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI - Free Report) by 6.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 794,610 shares of the investment management company's stock after selling 53,426 shares during the period. Pathstone Holdings LLC owned about 1.17% of BlackRock MuniYield Quality Fund III worth $9,535,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Hennion & Walsh Asset Management Inc. raised its stake in shares of BlackRock MuniYield Quality Fund III by 11.8% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 986,901 shares of the investment management company's stock valued at $11,843,000 after purchasing an additional 104,304 shares during the period. Van ECK Associates Corp raised its stake in shares of BlackRock MuniYield Quality Fund III by 17.9% during the 2nd quarter. Van ECK Associates Corp now owns 492,047 shares of the investment management company's stock valued at $5,501,000 after purchasing an additional 74,557 shares during the period. Raymond James & Associates raised its stake in shares of BlackRock MuniYield Quality Fund III by 2.9% during the 3rd quarter. Raymond James & Associates now owns 439,416 shares of the investment management company's stock valued at $5,273,000 after purchasing an additional 12,335 shares during the period. Melfa Wealth Management Inc. raised its stake in shares of BlackRock MuniYield Quality Fund III by 1.9% during the 3rd quarter. Melfa Wealth Management Inc. now owns 240,790 shares of the investment management company's stock valued at $2,889,000 after purchasing an additional 4,512 shares during the period. Finally, NewEdge Advisors LLC increased its stake in BlackRock MuniYield Quality Fund III by 9.4% in the 2nd quarter. NewEdge Advisors LLC now owns 156,072 shares of the investment management company's stock worth $1,745,000 after acquiring an additional 13,357 shares during the last quarter. Hedge funds and other institutional investors own 34.01% of the company's stock.

BlackRock MuniYield Quality Fund III Price Performance

NYSE MYI traded down $0.04 during trading on Friday, reaching $11.26. The company's stock had a trading volume of 229,424 shares, compared to its average volume of 221,461. The firm has a fifty day moving average of $11.63 and a 200 day moving average of $11.42. BlackRock MuniYield Quality Fund III, Inc. has a one year low of $10.68 and a one year high of $12.07.

BlackRock MuniYield Quality Fund III Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be given a dividend of $0.0555 per share. The ex-dividend date is Friday, November 15th. This represents a $0.67 annualized dividend and a dividend yield of 5.91%.

BlackRock MuniYield Quality Fund III Profile

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.