Bank of America Corp DE Acquires 516,460 Shares of BlackRock MuniYield Quality Fund III, Inc. $MYI

Key Points

• Bank of America increased its BlackRock MuniYield Quality Fund III stake by 78.6% in the first quarter, purchasing 516,460 additional shares. Its holdings totaled 1.17 million shares, worth approximately $12.3 million and representing 0.96% of MYI.
• Other institutional investors also adjusted their positions, while institutional ownership reached 34.01% of the fund.
• MYI opened at $10.71, near the lower end of its 52-week range, and announced a monthly dividend of $0.0555 per share, corresponding to an indicated yield of about 6.2%.

Bank of America Corp DE increased its holdings in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI - Free Report) by 78.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,173,240 shares of the investment management company's stock after buying an additional 516,460 shares during the period. Bank of America Corp DE owned 0.96% of BlackRock MuniYield Quality Fund III worth $12,331,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in MYI. Geneos Wealth Management Inc. bought a new stake in BlackRock MuniYield Quality Fund III during the first quarter worth about $42,000. EverSource Wealth Advisors LLC acquired a new stake in BlackRock MuniYield Quality Fund III during the first quarter worth about $44,000. Elyxium Wealth LLC acquired a new stake in BlackRock MuniYield Quality Fund III during the fourth quarter worth about $69,000. Comerica Bank increased its holdings in BlackRock MuniYield Quality Fund III by 22,586.2% in the 4th quarter. Comerica Bank now owns 6,579 shares of the investment management company's stock valued at $72,000 after buying an additional 6,550 shares during the period. Finally, Fifth Third Bancorp bought a new position in BlackRock MuniYield Quality Fund III in the 1st quarter valued at about $86,000. 34.01% of the stock is currently owned by institutional investors.

BlackRock MuniYield Quality Fund III Trading Down 0.1%

NYSE MYI opened at $10.71 on Friday. The firm's 50 day simple moving average is $10.89 and its 200 day simple moving average is $10.92. BlackRock MuniYield Quality Fund III, Inc. has a 1 year low of $10.37 and a 1 year high of $11.46.

BlackRock MuniYield Quality Fund III Dividend Announcement

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

About BlackRock MuniYield Quality Fund III

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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