Bard Financial Services Inc. Has $1.11 Million Holdings in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI)

Bard Financial Services Inc. raised its holdings in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI - Free Report) by 533.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 95,000 shares of the investment management company's stock after acquiring an additional 80,000 shares during the quarter. Bard Financial Services Inc. owned 0.14% of BlackRock MuniYield Quality Fund III worth $1,106,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Bramshill Investments LLC raised its stake in shares of BlackRock MuniYield Quality Fund III by 9.9% during the 3rd quarter. Bramshill Investments LLC now owns 3,071,403 shares of the investment management company's stock worth $29,332,000 after buying an additional 276,145 shares during the last quarter. Advisors Asset Management Inc. increased its position in BlackRock MuniYield Quality Fund III by 8.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 542,606 shares of the investment management company's stock worth $5,182,000 after purchasing an additional 40,126 shares in the last quarter. Van ECK Associates Corp increased its position in BlackRock MuniYield Quality Fund III by 8.7% during the 4th quarter. Van ECK Associates Corp now owns 485,279 shares of the investment management company's stock worth $5,649,000 after purchasing an additional 38,977 shares in the last quarter. AQR Arbitrage LLC increased its position in BlackRock MuniYield Quality Fund III by 99.9% during the 3rd quarter. AQR Arbitrage LLC now owns 444,830 shares of the investment management company's stock worth $4,248,000 after purchasing an additional 222,316 shares in the last quarter. Finally, Robinson Capital Management LLC increased its position in BlackRock MuniYield Quality Fund III by 90.6% during the 4th quarter. Robinson Capital Management LLC now owns 411,393 shares of the investment management company's stock worth $4,795,000 after purchasing an additional 195,566 shares in the last quarter. Institutional investors and hedge funds own 34.01% of the company's stock.

BlackRock MuniYield Quality Fund III Stock Performance

BlackRock MuniYield Quality Fund III stock remained flat at $11.14 during midday trading on Tuesday. The company had a trading volume of 213,311 shares, compared to its average volume of 230,266. The company's 50-day moving average is $11.18 and its 200-day moving average is $11.18. BlackRock MuniYield Quality Fund III, Inc. has a 1 year low of $9.32 and a 1 year high of $11.70.

BlackRock MuniYield Quality Fund III Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 15th will be given a $0.0555 dividend. This represents a $0.67 dividend on an annualized basis and a dividend yield of 5.98%. The ex-dividend date is Tuesday, May 14th.

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.