BlackRock MuniYield Quality Fund III, Inc. Plans Monthly Dividend of $0.06 (NYSE:MYI)
by Scott Moore · The Cerbat GemBlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI – Get Free Report) declared a monthly dividend on Friday, February 27th. Stockholders of record on Wednesday, April 15th will be given a dividend of 0.0555 per share by the investment management company on Friday, May 1st. This represents a c) annualized dividend and a dividend yield of 6.0%. The ex-dividend date of this dividend is Wednesday, April 15th.
BlackRock MuniYield Quality Fund III Trading Up 0.1%
Shares of NYSE:MYI opened at $11.06 on Monday. The firm’s 50 day simple moving average is $10.98 and its 200 day simple moving average is $10.98. BlackRock MuniYield Quality Fund III has a fifty-two week low of $10.16 and a fifty-two week high of $11.46.
Hedge Funds Weigh In On BlackRock MuniYield Quality Fund III
Several institutional investors and hedge funds have recently made changes to their positions in MYI. Kim LLC raised its stake in BlackRock MuniYield Quality Fund III by 0.5% during the 3rd quarter. Kim LLC now owns 204,185 shares of the investment management company’s stock worth $2,262,000 after buying an additional 1,061 shares during the period. Steward Partners Investment Advisory LLC increased its holdings in shares of BlackRock MuniYield Quality Fund III by 8.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 15,167 shares of the investment management company’s stock worth $165,000 after acquiring an additional 1,155 shares in the last quarter. Coastal Bridge Advisors LLC increased its holdings in shares of BlackRock MuniYield Quality Fund III by 0.8% in the fourth quarter. Coastal Bridge Advisors LLC now owns 173,968 shares of the investment management company’s stock worth $1,891,000 after acquiring an additional 1,366 shares in the last quarter. Rockefeller Capital Management L.P. raised its position in shares of BlackRock MuniYield Quality Fund III by 0.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 249,293 shares of the investment management company’s stock worth $2,710,000 after purchasing an additional 2,055 shares during the period. Finally, Pathway Financial Advisers LLC lifted its holdings in shares of BlackRock MuniYield Quality Fund III by 11.6% during the 4th quarter. Pathway Financial Advisers LLC now owns 20,870 shares of the investment management company’s stock valued at $227,000 after purchasing an additional 2,172 shares in the last quarter. Institutional investors and hedge funds own 34.01% of the company’s stock.
BlackRock MuniYield Quality Fund III Company Profile
BlackRock MuniYield Quality Fund III (NYSE: MYI) is a closed-end management investment company that seeks to provide investors with a high level of current income exempt from federal income tax. The fund primarily invests in a diversified portfolio of investment-grade municipal securities, including bonds, notes and other debt obligations issued by state and local governments, agencies and authorities across the United States.
In managing its portfolio, the fund generally allocates at least 80% of its total assets to investment-grade municipal debt instruments.