Raymond James Financial Inc. bought a new position in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 824,884 shares of the investment management company's stock, valued at approximately $9,107,000. Raymond James Financial Inc. owned approximately 1.21% of BlackRock MuniYield Quality Fund III at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the company. Larson Financial Group LLC raised its position in shares of BlackRock MuniYield Quality Fund III by 238.1% during the 3rd quarter. Larson Financial Group LLC now owns 6,085 shares of the investment management company's stock worth $73,000 after purchasing an additional 4,285 shares during the period. Icon Wealth Advisors LLC acquired a new position in shares of BlackRock MuniYield Quality Fund III during the third quarter valued at $104,000. Cresta Advisors Ltd. bought a new position in BlackRock MuniYield Quality Fund III in the 3rd quarter worth about $204,000. Pathway Financial Advisers LLC acquired a new stake in BlackRock MuniYield Quality Fund III in the 4th quarter valued at approximately $211,000. Finally, Janney Montgomery Scott LLC bought a new stake in shares of BlackRock MuniYield Quality Fund III during the fourth quarter valued at about $266,000. 34.01% of the stock is currently owned by institutional investors.
BlackRock MuniYield Quality Fund III Stock Performance
MYI traded down $0.11 on Tuesday, reaching $11.03. The company had a trading volume of 135,846 shares, compared to its average volume of 223,983. The company has a fifty day moving average of $11.11 and a 200-day moving average of $11.35. BlackRock MuniYield Quality Fund III, Inc. has a one year low of $10.73 and a one year high of $12.07.
BlackRock MuniYield Quality Fund III Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a dividend of $0.0555 per share. 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 6.04%.
BlackRock MuniYield Quality Fund III 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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