Broyhill Asset Management Takes $185,000 Position in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI)

Broyhill Asset Management acquired a new position in shares of BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 16,775 shares of the investment management company’s stock, valued at approximately $185,000.

Several other institutional investors have also modified their holdings of the stock. Raymond James Financial Inc. acquired a new stake in BlackRock MuniYield Quality Fund III in the 4th quarter valued at approximately $9,107,000. Hennion & Walsh Asset Management Inc. increased its holdings in BlackRock MuniYield Quality Fund III by 8.8% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 1,073,688 shares of the investment management company’s stock valued at $11,854,000 after buying an additional 86,787 shares during the last quarter. Scarborough Advisors LLC acquired a new stake in BlackRock MuniYield Quality Fund III in the fourth quarter valued at $699,000. HighTower Advisors LLC lifted its holdings in BlackRock MuniYield Quality Fund III by 65.6% during the 4th quarter. HighTower Advisors LLC now owns 151,639 shares of the investment management company’s stock worth $1,674,000 after buying an additional 60,093 shares during the last quarter. Finally, Sit Investment Associates Inc. boosted its position in shares of BlackRock MuniYield Quality Fund III by 21.4% during the 4th quarter. Sit Investment Associates Inc. now owns 316,454 shares of the investment management company’s stock worth $3,494,000 after acquiring an additional 55,701 shares in the last quarter. Hedge funds and other institutional investors own 34.01% of the company’s stock.

BlackRock MuniYield Quality Fund III Price Performance

Shares of NYSE MYI opened at $10.33 on Monday. The stock’s 50-day simple moving average is $10.99 and its 200-day simple moving average is $11.22. BlackRock MuniYield Quality Fund III, Inc. has a fifty-two week low of $9.98 and a fifty-two week high of $12.07.

BlackRock MuniYield Quality Fund III Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be given a dividend of $0.0555 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.67 annualized dividend and a dividend yield of 6.45%.

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.