88,233 Shares in BlackRock MuniYield Quality Fund III, Inc. $MYI Bought by Mackay Shields LLC

Key Points

• Mackay Shields LLC acquired 88,233 shares of BlackRock MuniYield Quality Fund III, Inc. ($MYI), valued at approximately $926,000, according to their recent SEC 13F filing.
• Several institutional investors, including Raymond James Financial Inc. and PNC Financial Services Group Inc., increased their holdings in $MYI significantly during the first quarter.
• The fund announced a monthly dividend of $0.0555 per share, with an ex-dividend date of October 15th, representing an annualized yield of 6.0%.

Mackay Shields LLC bought a new position in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 88,233 shares of the investment management company's stock, valued at approximately $926,000.

A number of other institutional investors have also modified their holdings of MYI. Raymond James Financial Inc. raised its stake in shares of BlackRock MuniYield Quality Fund III by 19.6% during the 1st quarter. Raymond James Financial Inc. now owns 986,932 shares of the investment management company's stock valued at $10,846,000 after buying an additional 162,048 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of BlackRock MuniYield Quality Fund III by 196.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 79,326 shares of the investment management company's stock valued at $872,000 after buying an additional 52,594 shares during the last quarter. Concurrent Investment Advisors LLC raised its stake in shares of BlackRock MuniYield Quality Fund III by 213.2% during the 1st quarter. Concurrent Investment Advisors LLC now owns 33,345 shares of the investment management company's stock valued at $366,000 after buying an additional 22,699 shares during the last quarter. LPL Financial LLC raised its stake in shares of BlackRock MuniYield Quality Fund III by 12.6% during the 1st quarter. LPL Financial LLC now owns 165,559 shares of the investment management company's stock valued at $1,819,000 after buying an additional 18,518 shares during the last quarter. Finally, Cetera Investment Advisers purchased a new position in shares of BlackRock MuniYield Quality Fund III during the 1st quarter valued at about $172,000. Hedge funds and other institutional investors own 34.01% of the company's stock.

BlackRock MuniYield Quality Fund III Stock Performance

NYSE MYI opened at $11.10 on Friday. The stock has a 50-day simple moving average of $10.75 and a two-hundred day simple moving average of $10.58. BlackRock MuniYield Quality Fund III, Inc. has a fifty-two week low of $9.98 and a fifty-two week high of $11.91.

BlackRock MuniYield Quality Fund III Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Wednesday, October 15th will be paid a dividend of $0.0555 per share. The ex-dividend date is Wednesday, October 15th. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%.

BlackRock MuniYield Quality Fund III 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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