Steward Partners Investment Advisory LLC Sells 8,716 Shares of BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI)

Steward Partners Investment Advisory LLC cut its holdings in shares of BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) by 28.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,614 shares of the investment management company’s stock after selling 8,716 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in BlackRock MuniYield Quality Fund III were worth $239,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Noble Wealth Management PBC purchased a new stake in shares of BlackRock MuniYield Quality Fund III in the fourth quarter worth about $274,000. Ackerman Capital Advisors LLC bought a new position in shares of BlackRock MuniYield Quality Fund III in the fourth quarter worth approximately $517,000. Scarborough Advisors LLC bought a new position in shares of BlackRock MuniYield Quality Fund III in the fourth quarter worth approximately $699,000. Pathway Financial Advisers LLC bought a new position in shares of BlackRock MuniYield Quality Fund III in the fourth quarter worth approximately $211,000. Finally, Van ECK Associates Corp increased its position in shares of BlackRock MuniYield Quality Fund III by 4.8% in the fourth quarter. Van ECK Associates Corp now owns 493,421 shares of the investment management company’s stock worth $5,447,000 after purchasing an additional 22,585 shares during the last quarter. 34.01% of the stock is owned by hedge funds and other institutional investors.

BlackRock MuniYield Quality Fund III Trading Down 0.2 %

Shares of NYSE MYI opened at $10.89 on Friday. BlackRock MuniYield Quality Fund III, Inc. has a one year low of $10.83 and a one year high of $12.07. The firm’s 50 day simple moving average is $11.11 and its two-hundred day simple moving average is $11.38.

BlackRock MuniYield Quality Fund III Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be issued a $0.0555 dividend. This represents a $0.67 annualized dividend and a dividend yield of 6.12%. The ex-dividend date is Friday, March 14th.

BlackRock MuniYield Quality Fund III Company 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.