WNY Asset Management LLC Purchases Shares of 123,433 BlackRock MuniYield Quality Fund III, Inc. $MYI

WNY Asset Management LLC purchased a new position in shares of BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) during the second quarter, Holdings Channel.com reports. The firm purchased 123,433 shares of the investment management company’s stock, valued at approximately $1,253,000.

Several other large investors also recently modified their holdings of the stock. Geneos Wealth Management Inc. increased its stake in shares of BlackRock MuniYield Quality Fund III by 803.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 5,053 shares of the investment management company’s stock valued at $56,000 after acquiring an additional 4,494 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of BlackRock MuniYield Quality Fund III by 1.4% during the 2nd quarter. NewEdge Advisors LLC now owns 206,048 shares of the investment management company’s stock valued at $2,161,000 after acquiring an additional 2,822 shares during the period. Karpus Management Inc. boosted its stake in BlackRock MuniYield Quality Fund III by 3.0% during the second quarter. Karpus Management Inc. now owns 327,800 shares of the investment management company’s stock worth $3,439,000 after acquiring an additional 9,600 shares in the last quarter. Jane Street Group LLC bought a new position in BlackRock MuniYield Quality Fund III during the second quarter worth $373,000. Finally, Kim LLC boosted its stake in BlackRock MuniYield Quality Fund III by 1.1% during the second quarter. Kim LLC now owns 203,124 shares of the investment management company’s stock worth $2,131,000 after acquiring an additional 2,117 shares in the last quarter. Institutional investors and hedge funds own 34.01% of the company’s stock.

BlackRock MuniYield Quality Fund III Stock Performance

NYSE:MYI opened at $10.77 on Friday. BlackRock MuniYield Quality Fund III, Inc. has a 12 month low of $10.37 and a 12 month high of $11.46. The firm has a fifty day simple moving average of $10.88 and a two-hundred day simple moving average of $10.91.

BlackRock MuniYield Quality Fund III Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be paid a $0.0555 dividend. The ex-dividend date is Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 6.2%.

BlackRock MuniYield Quality Fund III Company Profile

BlackRock MuniYield Quality Fund III (NYSE: MYI) is a closed-end management investment company that seeks to provide investors with a high level of current income exempt from federal income tax. The fund primarily invests in a diversified portfolio of investment-grade municipal securities, including bonds, notes and other debt obligations issued by state and local governments, agencies and authorities across the United States.

In managing its portfolio, the fund generally allocates at least 80% of its total assets to investment-grade municipal debt instruments.