123,433 Shares in BlackRock MuniYield Quality Fund III, Inc. $MYI Acquired by WNY Asset Management LLC

Key Points

• WNY Asset Management LLC acquired 123,433 shares of BlackRock MuniYield Quality Fund III during the second quarter, valued at approximately $1.25 million and representing about 0.10% of the fund.
• Several other institutional investors increased their positions, while institutional investors and hedge funds collectively own 34.01% of the company’s stock.
• MYI shares opened at $10.77, compared with a 12-month range of $10.37 to $11.46. The fund declared a monthly dividend of $0.0555 per share, implying an annualized yield of approximately 6.2%.

WNY Asset Management LLC bought a new stake in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 123,433 shares of the investment management company's stock, valued at approximately $1,253,000. WNY Asset Management LLC owned about 0.10% of BlackRock MuniYield Quality Fund III at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Geneos Wealth Management Inc. lifted its position in shares of BlackRock MuniYield Quality Fund III by 803.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 5,053 shares of the investment management company's stock worth $56,000 after purchasing an additional 4,494 shares during the period. NewEdge Advisors LLC boosted its stake in shares of BlackRock MuniYield Quality Fund III by 1.4% in the 2nd quarter. NewEdge Advisors LLC now owns 206,048 shares of the investment management company's stock valued at $2,161,000 after purchasing an additional 2,822 shares during the last quarter. Karpus Management Inc. increased its position in shares of BlackRock MuniYield Quality Fund III by 3.0% during the second quarter. Karpus Management Inc. now owns 327,800 shares of the investment management company's stock worth $3,439,000 after buying an additional 9,600 shares during the period. Jane Street Group LLC acquired a new stake in shares of BlackRock MuniYield Quality Fund III during the second quarter worth $373,000. Finally, Kim LLC increased its position in shares of BlackRock MuniYield Quality Fund III by 1.1% during the second quarter. Kim LLC now owns 203,124 shares of the investment management company's stock worth $2,131,000 after buying an additional 2,117 shares during the period. Institutional investors and hedge funds own 34.01% of the company's stock.

BlackRock MuniYield Quality Fund III Price Performance

Shares of NYSE MYI opened at $10.77 on Friday. BlackRock MuniYield Quality Fund III, Inc. has a twelve month low of $10.37 and a twelve month high of $11.46. The firm has a fifty day simple moving average of $10.88 and a 200 day simple moving average of $10.91.

BlackRock MuniYield Quality Fund III Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.0555 per share. This represents a c) dividend on an annualized basis and a yield of 6.2%. The ex-dividend date is Tuesday, September 15th.

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.

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