BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) Shares Acquired by NewEdge Advisors LLC

NewEdge Advisors LLC boosted its stake in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) by 4.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 194,541 shares of the investment management company’s stock after acquiring an additional 7,794 shares during the period. NewEdge Advisors LLC’s holdings in BlackRock MuniYield Quality Fund III were worth $2,148,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in shares of BlackRock MuniYield Quality Fund III in the 4th quarter valued at approximately $9,107,000. Hennion & Walsh Asset Management Inc. grew its position in BlackRock MuniYield Quality Fund III by 8.8% in the 4th 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 position in BlackRock MuniYield Quality Fund III in the 4th quarter valued at $699,000. HighTower Advisors LLC raised its position 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. lifted its stake in shares of BlackRock MuniYield Quality Fund III by 21.4% in 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 during the period. 34.01% of the stock is owned by hedge funds and other institutional investors.

BlackRock MuniYield Quality Fund III Trading Down 2.0 %

Shares of BlackRock MuniYield Quality Fund III stock opened at $10.22 on Tuesday. BlackRock MuniYield Quality Fund III, Inc. has a 52-week low of $9.98 and a 52-week high of $12.07. The company’s 50-day simple moving average is $10.89 and its 200-day simple moving average is $11.16.

BlackRock MuniYield Quality Fund III Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be paid a dividend of $0.0555 per share. This represents a $0.67 dividend on an annualized basis and a dividend yield of 6.52%. The ex-dividend date is Tuesday, April 15th.

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.