Janney Montgomery Scott LLC Takes Position in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI)

Janney Montgomery Scott LLC bought a new stake in shares of BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 24,054 shares of the investment management company’s stock, valued at approximately $266,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of MYI. Hennion & Walsh Asset Management Inc. boosted its holdings in BlackRock MuniYield Quality Fund III by 8.8% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 1,073,688 shares of the investment management company’s stock worth $11,854,000 after buying an additional 86,787 shares during the period. Stifel Financial Corp boosted its holdings in BlackRock MuniYield Quality Fund III by 40.0% in the 3rd quarter. Stifel Financial Corp now owns 623,360 shares of the investment management company’s stock worth $7,480,000 after buying an additional 177,997 shares during the period. Raymond James & Associates boosted its holdings in BlackRock MuniYield Quality Fund III by 2.9% in the 3rd quarter. Raymond James & Associates now owns 439,416 shares of the investment management company’s stock worth $5,273,000 after buying an additional 12,335 shares during the period. Capital Investment Advisors LLC boosted its holdings in 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 during the period. Finally, Melfa Wealth Management Inc. boosted its holdings in BlackRock MuniYield Quality Fund III by 1.9% in the 3rd quarter. Melfa Wealth Management Inc. now owns 240,790 shares of the investment management company’s stock worth $2,889,000 after buying an additional 4,512 shares during the period. 34.01% of the stock is owned by institutional investors.

BlackRock MuniYield Quality Fund III Stock Down 1.4 %

MYI opened at $11.06 on Thursday. The company has a 50 day moving average of $11.13 and a 200 day moving average of $11.43. BlackRock MuniYield Quality Fund III, Inc. has a 12 month low of $10.83 and a 12 month high of $12.07.

BlackRock MuniYield Quality Fund III Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be issued a $0.0555 dividend. This represents a $0.67 annualized dividend and a yield of 6.02%. The ex-dividend date of this dividend is Friday, February 14th.

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.