Van ECK Associates Corp Has $5.45 Million Stock Holdings in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI)

Van ECK Associates Corp increased its stake in shares of BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI - Free Report) by 4.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 493,421 shares of the investment management company's stock after purchasing an additional 22,585 shares during the quarter. Van ECK Associates Corp owned approximately 0.72% of BlackRock MuniYield Quality Fund III worth $5,447,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MYI. Hennion & Walsh Asset Management Inc. raised its stake in shares of BlackRock MuniYield Quality Fund III by 8.8% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 1,073,688 shares of the investment management company's stock worth $11,854,000 after purchasing an additional 86,787 shares in the last quarter. Stifel Financial Corp raised its position in BlackRock MuniYield Quality Fund III by 40.0% during the third quarter. Stifel Financial Corp now owns 623,360 shares of the investment management company's stock valued at $7,480,000 after acquiring an additional 177,997 shares in the last quarter. Raymond James & Associates lifted its stake in BlackRock MuniYield Quality Fund III by 2.9% in the third quarter. Raymond James & Associates now owns 439,416 shares of the investment management company's stock valued at $5,273,000 after acquiring an additional 12,335 shares during the last quarter. Capital Investment Advisors LLC grew its position in BlackRock MuniYield Quality Fund III by 0.7% in the fourth quarter. Capital Investment Advisors LLC now owns 261,498 shares of the investment management company's stock worth $2,887,000 after acquiring an additional 1,748 shares in the last quarter. Finally, Eastern Bank increased its stake in shares of BlackRock MuniYield Quality Fund III by 22.8% during the 4th quarter. Eastern Bank now owns 131,231 shares of the investment management company's stock worth $1,449,000 after purchasing an additional 24,371 shares during the last quarter. 34.01% of the stock is owned by hedge funds and other institutional investors.

BlackRock MuniYield Quality Fund III Stock Up 0.0 %

Shares of MYI stock traded up $0.01 on Friday, hitting $11.20. The company's stock had a trading volume of 141,830 shares, compared to its average volume of 179,621. BlackRock MuniYield Quality Fund III, Inc. has a fifty-two week low of $10.83 and a fifty-two week high of $12.07. The firm's fifty day moving average price is $11.09 and its 200-day moving average price is $11.42.

BlackRock MuniYield Quality Fund III Announces Dividend

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

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.