Bank of America Corp DE Has $12.12 Million Holdings in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI)

Bank of America Corp DE lessened its holdings in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI - Free Report) by 7.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,097,695 shares of the investment management company's stock after selling 88,107 shares during the quarter. Bank of America Corp DE owned approximately 1.61% of BlackRock MuniYield Quality Fund III worth $12,119,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in MYI. Raymond James Financial Inc. acquired a new position in shares of BlackRock MuniYield Quality Fund III during the fourth quarter valued at $9,107,000. Stifel Financial Corp lifted its holdings in BlackRock MuniYield Quality Fund III by 80.1% in the fourth quarter. Stifel Financial Corp now owns 1,122,786 shares of the investment management company's stock worth $12,396,000 after purchasing an additional 499,426 shares during the period. Scarborough Advisors LLC acquired a new stake in BlackRock MuniYield Quality Fund III in the fourth quarter worth about $699,000. HighTower Advisors LLC lifted its holdings in BlackRock MuniYield Quality Fund III by 65.6% in the fourth quarter. HighTower Advisors LLC now owns 151,639 shares of the investment management company's stock worth $1,674,000 after purchasing an additional 60,093 shares during the period. Finally, Sit Investment Associates Inc. lifted its holdings in BlackRock MuniYield Quality Fund III by 21.4% in the fourth quarter. Sit Investment Associates Inc. now owns 316,454 shares of the investment management company's stock worth $3,494,000 after purchasing an additional 55,701 shares during the period. Institutional investors and hedge funds own 34.01% of the company's stock.

BlackRock MuniYield Quality Fund III Stock Performance

MYI stock traded down $0.02 during trading on Friday, hitting $10.38. The company had a trading volume of 114,475 shares, compared to its average volume of 228,380. The business has a 50 day moving average of $10.62 and a 200 day moving average of $10.99. BlackRock MuniYield Quality Fund III, Inc. has a fifty-two week low of $9.98 and a fifty-two week high of $12.07.

BlackRock MuniYield Quality Fund III Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 2nd. Investors of record on Thursday, May 15th will be issued a $0.0555 dividend. This represents a $0.67 annualized dividend and a yield of 6.42%. The ex-dividend date is Thursday, May 15th.

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.