BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) to Issue Monthly Dividend of $0.06

Key Points

• BlackRock MuniYield Quality Fund III, Inc. has declared a monthly dividend of $0.0555 per share, payable on November 3rd to investors on record as of October 15th, reflecting a 6.0% dividend yield.
• The fund's stock traded down to $11.05 recently, with a 12-month price range between $9.98 and $12.01, indicating stable performance in the investment management sector.
• Institutional investors own 34.01% of the company's stock, with several hedge funds making adjustments to their stakes in the recent quarter.

BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI - Get Free Report) declared a monthly dividend on Wednesday, October 1st. Investors of record on Wednesday, October 15th will be given a dividend of 0.0555 per share by the investment management company on Monday, November 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date is Wednesday, October 15th.

BlackRock MuniYield Quality Fund III Stock Performance

MYI stock traded down $0.02 during mid-day trading on Thursday, hitting $11.05. The company had a trading volume of 33,045 shares, compared to its average volume of 192,808. BlackRock MuniYield Quality Fund III has a 12 month low of $9.98 and a 12 month high of $12.01. The stock's fifty day moving average price is $10.65 and its two-hundred day moving average price is $10.58.

Institutional Trading of BlackRock MuniYield Quality Fund III

Several hedge funds have recently added to or reduced their stakes in the stock. Nomura Holdings Inc. bought a new stake in BlackRock MuniYield Quality Fund III in the second quarter worth about $105,000. Kim LLC raised its position in BlackRock MuniYield Quality Fund III by 1.1% in the second quarter. Kim LLC now owns 203,124 shares of the investment management company's stock worth $2,131,000 after acquiring an additional 2,117 shares during the period. Jane Street Group LLC bought a new stake in BlackRock MuniYield Quality Fund III in the second quarter worth about $373,000. Karpus Management Inc. raised its position in BlackRock MuniYield Quality Fund III by 3.0% in the second quarter. Karpus Management Inc. now owns 327,800 shares of the investment management company's stock worth $3,439,000 after acquiring an additional 9,600 shares during the period. Finally, NewEdge Advisors LLC increased its stake in shares of BlackRock MuniYield Quality Fund III by 1.4% in the second quarter. NewEdge Advisors LLC now owns 206,048 shares of the investment management company's stock worth $2,161,000 after purchasing an additional 2,822 shares in the last quarter. Institutional investors own 34.01% of the company's stock.

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.

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