Bank of America Corp DE Trims Stock Holdings in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI)

Bank of America Corp DE reduced its holdings in shares of 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 13F filing with the Securities and Exchange Commission. The firm owned 1,097,695 shares of the investment management company's stock after selling 88,107 shares during the period. Bank of America Corp DE owned 1.61% of BlackRock MuniYield Quality Fund III worth $12,119,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in shares of BlackRock MuniYield Quality Fund III during the fourth quarter worth about $9,107,000. Stifel Financial Corp boosted its position in shares of 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 purchased a new stake in BlackRock MuniYield Quality Fund III during the 4th quarter valued at approximately $699,000. HighTower Advisors LLC boosted its position in shares of BlackRock MuniYield Quality Fund III by 65.6% during the 4th quarter. HighTower Advisors LLC now owns 151,639 shares of the investment management company's stock valued at $1,674,000 after acquiring an additional 60,093 shares during the last quarter. Finally, Sit Investment Associates Inc. increased its position in BlackRock MuniYield Quality Fund III by 21.4% during the fourth quarter. Sit Investment Associates Inc. now owns 316,454 shares of the investment management company's stock valued at $3,494,000 after acquiring an additional 55,701 shares during the last quarter. 34.01% of the stock is owned by institutional investors and hedge funds.

BlackRock MuniYield Quality Fund III Stock Performance

Shares of MYI stock traded down $0.05 on Wednesday, hitting $10.43. The stock had a trading volume of 16,463 shares, compared to its average volume of 209,053. BlackRock MuniYield Quality Fund III, Inc. has a one year low of $9.98 and a one year high of $12.07. The business has a 50 day moving average price of $10.60 and a 200 day moving average price of $10.98.

BlackRock MuniYield Quality Fund III Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th will be given a dividend of $0.0555 per share. This represents a $0.67 dividend on an annualized basis and a dividend yield of 6.39%. The ex-dividend date is Thursday, May 15th.

BlackRock MuniYield Quality Fund III Company 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.