GFS Advisors LLC trimmed its holdings in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI - Free Report) by 78.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,300 shares of the investment management company's stock after selling 147,000 shares during the quarter. GFS Advisors LLC owned about 0.06% of BlackRock MuniYield Quality Fund III worth $469,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Anchor Investment Management LLC bought a new position in BlackRock MuniYield Quality Fund III during the 4th quarter valued at $38,000. AdvisorNet Financial Inc boosted its stake in BlackRock MuniYield Quality Fund III by 123.6% during the 4th quarter. AdvisorNet Financial Inc now owns 3,437 shares of the investment management company's stock valued at $40,000 after purchasing an additional 1,900 shares in the last quarter. International Assets Investment Management LLC bought a new position in BlackRock MuniYield Quality Fund III during the 3rd quarter valued at $35,000. Centaurus Financial Inc. bought a new position in BlackRock MuniYield Quality Fund III during the 1st quarter valued at $116,000. Finally, Future Financial Wealth Managment LLC bought a new position in BlackRock MuniYield Quality Fund III during the 4th quarter valued at $116,000. 34.01% of the stock is owned by institutional investors.
BlackRock MuniYield Quality Fund III Stock Performance
NYSE MYI traded down $0.04 on Friday, reaching $11.16. 137,224 shares of the stock traded hands, compared to its average volume of 202,118. The firm's fifty day simple moving average is $11.38 and its 200 day simple moving average is $10.84. BlackRock MuniYield Quality Fund III, Inc. has a 12 month low of $9.32 and a 12 month high of $11.70.
BlackRock MuniYield Quality Fund III Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th will be given a dividend of $0.0555 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.67 dividend on an annualized basis and a dividend yield of 5.97%.
About BlackRock MuniYield Quality Fund III
(
Free Report)
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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