First Trust Advisors LP Sells 2,049 Shares of BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI)

First Trust Advisors LP lowered its stake in shares of BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) by 13.1% in the 4th quarter, HoldingsChannel reports. The firm owned 13,630 shares of the investment management company’s stock after selling 2,049 shares during the quarter. First Trust Advisors LP’s holdings in BlackRock MuniYield Quality Fund III were worth $150,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in BlackRock MuniYield Quality Fund III in the fourth quarter worth $9,107,000. Hennion & Walsh Asset Management Inc. increased its holdings 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 worth $11,854,000 after acquiring an additional 86,787 shares during the last quarter. Scarborough Advisors LLC bought a new stake in BlackRock MuniYield Quality Fund III in the 4th quarter valued at about $699,000. HighTower Advisors LLC raised its stake in BlackRock MuniYield Quality Fund III by 65.6% in the 4th quarter. HighTower Advisors LLC now owns 151,639 shares of the investment management company’s stock valued at $1,674,000 after acquiring an additional 60,093 shares during the period. Finally, Sit Investment Associates Inc. lifted its holdings in BlackRock MuniYield Quality Fund III by 21.4% during the fourth quarter. Sit Investment Associates Inc. now owns 316,454 shares of the investment management company’s stock valued at $3,494,000 after purchasing an additional 55,701 shares during the last quarter. Institutional investors own 34.01% of the company’s stock.

BlackRock MuniYield Quality Fund III Trading Up 0.2%

Shares of NYSE:MYI opened at $10.71 on Monday. The company has a 50-day moving average price of $10.71 and a two-hundred day moving average price of $11.04. BlackRock MuniYield Quality Fund III, Inc. has a twelve month low of $9.98 and a twelve month high of $12.07.

BlackRock MuniYield Quality Fund III Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th will be given a dividend of $0.0555 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.67 annualized dividend and a dividend yield of 6.22%.

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.