Mariner Investment Group LLC Takes $451,000 Position in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI)

Mariner Investment Group LLC acquired a new position in shares of BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 40,818 shares of the investment management company’s stock, valued at approximately $451,000. Mariner Investment Group LLC owned 0.06% of BlackRock MuniYield Quality Fund III as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of MYI. Hennion & Walsh Asset Management Inc. grew its holdings in 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 acquiring an additional 86,787 shares during the period. Stifel Financial Corp boosted its position in shares of BlackRock MuniYield Quality Fund III by 40.0% during the 3rd quarter. Stifel Financial Corp now owns 623,360 shares of the investment management company’s stock valued at $7,480,000 after purchasing an additional 177,997 shares in the last quarter. Raymond James & Associates grew its stake in BlackRock MuniYield Quality Fund III by 2.9% during the third quarter. Raymond James & Associates now owns 439,416 shares of the investment management company’s stock worth $5,273,000 after purchasing an additional 12,335 shares during the period. Capital Investment Advisors LLC increased its holdings 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 purchasing an additional 1,748 shares in the last quarter. Finally, Melfa Wealth Management Inc. lifted its stake in BlackRock MuniYield Quality Fund III by 1.9% in the third quarter. Melfa Wealth Management Inc. now owns 240,790 shares of the investment management company’s stock valued at $2,889,000 after buying an additional 4,512 shares during the period. Institutional investors own 34.01% of the company’s stock.

BlackRock MuniYield Quality Fund III Stock Performance

BlackRock MuniYield Quality Fund III stock opened at $11.05 on Monday. BlackRock MuniYield Quality Fund III, Inc. has a 52-week low of $10.83 and a 52-week high of $12.07. The stock’s 50 day moving average price is $11.20 and its two-hundred day moving average price is $11.45.

BlackRock MuniYield Quality Fund III Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Wednesday, January 15th will be paid a dividend of $0.0555 per share. This represents a $0.67 annualized dividend and a yield of 6.03%. The ex-dividend date of this dividend is Wednesday, January 15th.

BlackRock MuniYield Quality Fund III Company 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.