Stifel Financial Corp lifted its stake in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI - Free Report) by 40.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 623,360 shares of the investment management company's stock after buying an additional 177,997 shares during the quarter. Stifel Financial Corp owned approximately 0.92% of BlackRock MuniYield Quality Fund III worth $7,480,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Eastern Bank purchased a new stake in BlackRock MuniYield Quality Fund III in the 3rd quarter worth approximately $1,282,000. Hennion & Walsh Asset Management Inc. lifted its stake in shares of BlackRock MuniYield Quality Fund III by 11.8% in 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 boosted its holdings in BlackRock MuniYield Quality Fund III by 17.9% during the second quarter. Van ECK Associates Corp now owns 492,047 shares of the investment management company's stock worth $5,501,000 after buying an additional 74,557 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in BlackRock MuniYield Quality Fund III during the second quarter valued at $502,000. Finally, International Assets Investment Management LLC increased its holdings in BlackRock MuniYield Quality Fund III by 1,108.2% in the third quarter. International Assets Investment Management LLC now owns 44,872 shares of the investment management company's stock valued at $5,380,000 after buying 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 Trading Down 1.1 %
Shares of MYI stock traded down $0.13 during mid-day trading on Friday, hitting $11.32. 249,214 shares of the stock were exchanged, compared to its average volume of 222,805. BlackRock MuniYield Quality Fund III, Inc. has a 52-week low of $10.83 and a 52-week high of $12.07. The firm has a fifty day moving average of $11.49 and a 200 day moving average of $11.45.
BlackRock MuniYield Quality Fund III Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a dividend of $0.0555 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.67 annualized dividend and a yield of 5.88%.
About BlackRock MuniYield Quality Fund III
(
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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