Pathstone Holdings LLC increased its position in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI - Free Report) by 25.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 995,957 shares of the investment management company's stock after buying an additional 201,347 shares during the period. Pathstone Holdings LLC owned about 1.46% of BlackRock MuniYield Quality Fund III worth $11,046,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of MYI. Raymond James Financial Inc. bought a new stake in shares of BlackRock MuniYield Quality Fund III in the 4th quarter valued at approximately $9,107,000. Stifel Financial Corp raised its stake in BlackRock MuniYield Quality Fund III by 80.1% in the 4th quarter. Stifel Financial Corp now owns 1,122,786 shares of the investment management company's stock worth $12,396,000 after acquiring an additional 499,426 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in BlackRock MuniYield Quality Fund III by 8.8% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 1,073,688 shares of the investment management company's stock valued at $11,854,000 after purchasing an additional 86,787 shares during the last quarter. Scarborough Advisors LLC acquired a new position in shares of BlackRock MuniYield Quality Fund III in the fourth quarter worth about $699,000. Finally, HighTower Advisors LLC boosted its holdings in BlackRock MuniYield Quality Fund III by 65.6% in the 4th quarter. HighTower Advisors LLC now owns 151,639 shares of the investment management company's stock worth $1,674,000 after buying an additional 60,093 shares during the last quarter. Hedge funds and other institutional investors own 34.01% of the company's stock.
BlackRock MuniYield Quality Fund III Trading Down 0.3%
MYI traded down $0.04 during trading on Wednesday, reaching $10.45. The company's stock had a trading volume of 83,212 shares, compared to its average volume of 227,625. The firm has a fifty day simple moving average of $10.65 and a two-hundred day simple moving average of $11.01. BlackRock MuniYield Quality Fund III, Inc. has a 1 year low of $9.98 and a 1 year high of $12.07.
BlackRock MuniYield Quality Fund III Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th will be given a $0.0555 dividend. This represents a $0.67 annualized dividend and a yield of 6.38%. The ex-dividend date of this dividend is Thursday, May 15th.
BlackRock MuniYield Quality Fund III Profile
(
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.
Featured Stories
Before you consider BlackRock MuniYield Quality Fund III, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BlackRock MuniYield Quality Fund III wasn't on the list.
While BlackRock MuniYield Quality Fund III currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
