Stifel Financial Corp lifted its stake in shares of BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI - Free Report) by 80.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,122,786 shares of the investment management company's stock after purchasing an additional 499,426 shares during the period. Stifel Financial Corp owned 1.65% of BlackRock MuniYield Quality Fund III worth $12,396,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Janney Montgomery Scott LLC acquired a new position in BlackRock MuniYield Quality Fund III in the fourth quarter valued at approximately $266,000. 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 valued at $1,674,000 after acquiring an additional 60,093 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in BlackRock MuniYield Quality Fund III in the fourth quarter valued at approximately $9,107,000. Disciplined Investors L.L.C. purchased a new stake in BlackRock MuniYield Quality Fund III in the fourth quarter valued at approximately $375,000. Finally, Mariner Investment Group LLC purchased a new stake in BlackRock MuniYield Quality Fund III in the fourth quarter valued at approximately $451,000. 34.01% of the stock is currently owned by institutional investors and hedge funds.
BlackRock MuniYield Quality Fund III Stock Up 0.4 %
NYSE MYI traded up $0.04 on Thursday, reaching $10.60. The stock had a trading volume of 230,512 shares, compared to its average volume of 220,599. BlackRock MuniYield Quality Fund III, Inc. has a 12-month low of $9.98 and a 12-month high of $12.07. The stock has a fifty day moving average price of $10.79 and a two-hundred day moving average price of $11.10.
BlackRock MuniYield Quality Fund III Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be given a $0.0555 dividend. This represents a $0.67 dividend on an annualized basis and a yield of 6.28%. The ex-dividend date of this dividend is Tuesday, April 15th.
BlackRock MuniYield Quality Fund III Company Profile
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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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