NewEdge Advisors LLC Increases Position in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI)

NewEdge Advisors LLC increased its stake in shares of BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) by 9.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 156,072 shares of the investment management company’s stock after purchasing an additional 13,357 shares during the quarter. NewEdge Advisors LLC owned approximately 0.23% of BlackRock MuniYield Quality Fund III worth $1,745,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in MYI. Stifel Financial Corp boosted its stake in BlackRock MuniYield Quality Fund III by 245.8% in the 4th quarter. Stifel Financial Corp now owns 428,494 shares of the investment management company’s stock worth $4,988,000 after purchasing an additional 304,587 shares in the last quarter. City of London Investment Management Co. Ltd. lifted its stake in shares of BlackRock MuniYield Quality Fund III by 81.2% during the first quarter. City of London Investment Management Co. Ltd. now owns 362,844 shares of the investment management company’s stock worth $4,158,000 after buying an additional 162,646 shares during the period. Van ECK Associates Corp grew its holdings in shares of BlackRock MuniYield Quality Fund III by 17.9% during the second quarter. Van ECK Associates Corp now owns 492,047 shares of the investment management company’s stock valued at $5,501,000 after buying an additional 74,557 shares during the last quarter. Crescent Grove Advisors LLC acquired a new position in shares of BlackRock MuniYield Quality Fund III in the 1st quarter valued at $677,000. Finally, Raymond James & Associates raised its stake in BlackRock MuniYield Quality Fund III by 8.6% in the 2nd quarter. Raymond James & Associates now owns 427,081 shares of the investment management company’s stock worth $4,775,000 after acquiring an additional 33,849 shares during the last quarter. 34.01% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock MuniYield Quality Fund III Stock Down 0.1 %

BlackRock MuniYield Quality Fund III stock opened at $11.93 on Friday. The stock has a 50-day moving average price of $11.67 and a 200 day moving average price of $11.34. BlackRock MuniYield Quality Fund III, Inc. has a 52 week low of $9.32 and a 52 week high of $12.07.

BlackRock MuniYield Quality Fund III Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be paid a dividend of $0.0555 per share. The ex-dividend date is Tuesday, October 15th. This represents a $0.67 dividend on an annualized basis and a dividend yield of 5.58%.

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.