1,579,386 Shares in BlackRock MuniYield Quality Fund III, Inc. $MYI Purchased by Bank of America Corp DE

Key Points

• Bank of America acquired 1,579,386 shares of BlackRock MuniYield Quality Fund III during the second quarter, worth approximately $16.0 million and representing about 1.29% of the fund.
• Other institutional investors also initiated positions, bringing total institutional and hedge-fund ownership to 34.01%.
• MYI shares opened at $9.82, while the fund declared a monthly dividend of $0.0555 per share, equivalent to an annualized payout of about $0.67 and a 6.8% yield.

Bank of America Corp DE bought a new position in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,579,386 shares of the investment management company's stock, valued at approximately $16,031,000. Bank of America Corp DE owned approximately 1.29% of BlackRock MuniYield Quality Fund III as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. CoreCap Advisors LLC acquired a new stake in shares of BlackRock MuniYield Quality Fund III in the second quarter worth about $25,000. Geneos Wealth Management Inc. bought a new position in shares of BlackRock MuniYield Quality Fund III in the 1st quarter valued at approximately $42,000. EverSource Wealth Advisors LLC bought a new position in shares of BlackRock MuniYield Quality Fund III in the 1st quarter valued at approximately $44,000. Fifth Third Bancorp acquired a new stake in BlackRock MuniYield Quality Fund III in the 1st quarter worth approximately $86,000. Finally, Citizens National Bank Trust Department acquired a new stake in BlackRock MuniYield Quality Fund III in the 1st quarter worth approximately $103,000. Institutional investors and hedge funds own 34.01% of the company's stock.

BlackRock MuniYield Quality Fund III Trading Up 0.2%

Shares of MYI stock opened at $9.82 on Friday. BlackRock MuniYield Quality Fund III, Inc. has a 12 month low of $9.66 and a 12 month high of $11.46. The business's 50 day moving average is $10.58 and its two-hundred day moving average is $10.78.

BlackRock MuniYield Quality Fund III Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 22nd. Investors of record on Friday, December 11th will be issued a dividend of $0.0555 per share. This represents a $0.67 annualized dividend and a dividend yield of 6.8%. The ex-dividend date of this dividend is Friday, December 11th.

BlackRock MuniYield Quality Fund III Company Profile

BlackRock MuniYield Quality Fund III, Inc NYSE: MYI is a closed-end investment company that seeks to provide current income exempt from regular U.S. federal income tax. The fund invests primarily in a portfolio of municipal bonds and other municipal obligations issued by states, cities, counties, and related public entities.

The fund generally focuses on investment-grade municipal securities, although it may also invest in lower-rated obligations when permitted by its investment policies.

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