Robinson Capital Management LLC Sells 32,385 Shares of BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI)

Robinson Capital Management LLC cut its position in shares of BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI - Free Report) by 9.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 319,059 shares of the investment management company's stock after selling 32,385 shares during the quarter. BlackRock MuniYield Quality Fund III accounts for 1.4% of Robinson Capital Management LLC's portfolio, making the stock its 24th biggest holding. Robinson Capital Management LLC owned approximately 0.47% of BlackRock MuniYield Quality Fund III worth $3,522,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Capital Investment Advisors LLC grew its position in BlackRock MuniYield Quality Fund III by 0.7% during the fourth quarter. Capital Investment Advisors LLC now owns 261,498 shares of the investment management company's stock worth $2,887,000 after buying an additional 1,748 shares in the last quarter. Horizon Kinetics Asset Management LLC boosted its holdings in BlackRock MuniYield Quality Fund III by 5.2% during the third quarter. Horizon Kinetics Asset Management LLC now owns 44,854 shares of the investment management company's stock valued at $538,000 after purchasing an additional 2,200 shares in the last quarter. Larson Financial Group LLC boosted its holdings in BlackRock MuniYield Quality Fund III by 238.1% during the third quarter. Larson Financial Group LLC now owns 6,085 shares of the investment management company's stock valued at $73,000 after purchasing an additional 4,285 shares in the last quarter. US Bancorp DE boosted its holdings in BlackRock MuniYield Quality Fund III by 49.8% during the third quarter. US Bancorp DE now owns 25,183 shares of the investment management company's stock valued at $302,000 after purchasing an additional 8,370 shares in the last quarter. Finally, Icon Wealth Advisors LLC acquired a new stake in BlackRock MuniYield Quality Fund III during the third quarter valued at approximately $104,000. 34.01% of the stock is owned by institutional investors and hedge funds.

BlackRock MuniYield Quality Fund III Stock Up 0.0 %

NYSE MYI traded up $0.01 during trading on Friday, reaching $11.20. 141,830 shares of the company traded hands, compared to its average volume of 179,621. The stock's 50 day moving average price is $11.09 and its two-hundred day moving average price is $11.42. BlackRock MuniYield Quality Fund III, Inc. has a 1-year low of $10.83 and a 1-year high of $12.07.

BlackRock MuniYield Quality Fund III Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be issued a dividend of $0.0555 per share. This represents a $0.67 dividend on an annualized basis and a yield of 5.95%. The ex-dividend date is Friday, February 14th.

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.