Advisory Services Network LLC Sells 13,085 Shares of BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI)

Advisory Services Network LLC lessened its holdings in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) by 18.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 58,167 shares of the investment management company’s stock after selling 13,085 shares during the period. Advisory Services Network LLC’s holdings in BlackRock MuniYield Quality Fund III were worth $642,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in MYI. Capital Investment Advisors LLC boosted its stake 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 valued at $2,887,000 after purchasing an additional 1,748 shares during the period. Eastern Bank lifted its holdings in shares of BlackRock MuniYield Quality Fund III by 22.8% during the fourth quarter. Eastern Bank now owns 131,231 shares of the investment management company’s stock worth $1,449,000 after buying an additional 24,371 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its position in shares of BlackRock MuniYield Quality Fund III by 8.8% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 1,073,688 shares of the investment management company’s stock valued at $11,854,000 after acquiring an additional 86,787 shares during the period. Janney Montgomery Scott LLC bought a new position in BlackRock MuniYield Quality Fund III during the fourth quarter worth about $266,000. Finally, Mariner Investment Group LLC acquired a new stake in BlackRock MuniYield Quality Fund III in the 4th quarter worth about $451,000. Institutional investors and hedge funds own 34.01% of the company’s stock.

BlackRock MuniYield Quality Fund III Price Performance

NYSE MYI opened at $10.45 on Wednesday. BlackRock MuniYield Quality Fund III, Inc. has a 12-month low of $9.98 and a 12-month high of $12.07. The firm has a 50-day moving average price of $10.96 and a two-hundred day moving average price of $11.21.

BlackRock MuniYield Quality Fund III Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be paid a dividend of $0.0555 per share. The ex-dividend date is Tuesday, April 15th. This represents a $0.67 dividend on an annualized basis and a yield of 6.38%.

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.