Drive Wealth Management LLC Acquires 2,200 Shares of BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI)

Drive Wealth Management LLC increased its stake in shares of BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYIFree Report) by 9.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,375 shares of the investment management company’s stock after acquiring an additional 2,200 shares during the quarter. Drive Wealth Management LLC’s holdings in BlackRock MuniYield Quality Fund III were worth $295,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Robinson Capital Management LLC increased its position in BlackRock MuniYield Quality Fund III by 56.7% in the 3rd quarter. Robinson Capital Management LLC now owns 215,827 shares of the investment management company’s stock valued at $2,065,000 after buying an additional 78,100 shares in the last quarter. Pathstone Family Office LLC bought a new stake in BlackRock MuniYield Quality Fund III during the 3rd quarter valued at $213,000. Strategies Wealth Advisors LLC bought a new position in shares of BlackRock MuniYield Quality Fund III in the fourth quarter valued at $285,000. International Assets Investment Management LLC acquired a new position in shares of BlackRock MuniYield Quality Fund III during the third quarter valued at about $35,000. Finally, Advisor Partners II LLC acquired a new stake in shares of BlackRock MuniYield Quality Fund III in the 3rd quarter worth about $3,978,000. 34.01% of the stock is owned by institutional investors.

BlackRock MuniYield Quality Fund III Price Performance

MYI stock traded down $0.05 during mid-day trading on Tuesday, reaching $11.28. 202,332 shares of the company traded hands, compared to its average volume of 244,134. BlackRock MuniYield Quality Fund III, Inc. has a fifty-two week low of $9.32 and a fifty-two week high of $11.70. The firm’s 50 day moving average price is $11.38 and its 200 day moving average price is $10.81.

BlackRock MuniYield Quality Fund III Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were paid a dividend of $0.0555 per share. This represents a $0.67 annualized dividend and a yield of 5.90%. The ex-dividend date of this dividend was Thursday, March 14th.

BlackRock MuniYield Quality Fund III Profile

(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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Institutional Ownership by Quarter for BlackRock MuniYield Quality Fund III (NYSE:MYI)

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