PNC Financial Services Group Inc. Has $295,000 Holdings in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI)

PNC Financial Services Group Inc. cut its stake in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) by 7.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,732 shares of the investment management company’s stock after selling 2,010 shares during the period. PNC Financial Services Group Inc.’s holdings in BlackRock MuniYield Quality Fund III were worth $295,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Capital Investment Advisors LLC raised its holdings in shares of BlackRock MuniYield Quality Fund III by 0.7% in the 4th quarter. Capital Investment Advisors LLC now owns 261,498 shares of the investment management company’s stock worth $2,887,000 after buying an additional 1,748 shares in the last quarter. Horizon Kinetics Asset Management LLC raised its holdings in shares of BlackRock MuniYield Quality Fund III by 5.2% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 44,854 shares of the investment management company’s stock worth $538,000 after buying an additional 2,200 shares in the last quarter. Larson Financial Group LLC raised its holdings in shares of BlackRock MuniYield Quality Fund III by 238.1% in the 3rd quarter. Larson Financial Group LLC now owns 6,085 shares of the investment management company’s stock worth $73,000 after buying an additional 4,285 shares in the last quarter. Icon Wealth Advisors LLC acquired a new position in shares of BlackRock MuniYield Quality Fund III in the 3rd quarter worth approximately $104,000. Finally, Cresta Advisors Ltd. acquired a new position in shares of BlackRock MuniYield Quality Fund III in the 3rd quarter worth approximately $204,000. 34.01% of the stock is owned by institutional investors and hedge funds.

BlackRock MuniYield Quality Fund III Price Performance

Shares of MYI opened at $11.02 on Friday. BlackRock MuniYield Quality Fund III, Inc. has a 1 year low of $10.73 and a 1 year high of $12.07. The stock has a 50 day simple moving average of $11.10 and a 200-day simple moving average of $11.36.

BlackRock MuniYield Quality Fund III Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be issued a dividend of $0.0555 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.67 dividend on an annualized basis and a yield of 6.05%.

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.