NewEdge Advisors LLC Lowers Stake in BlackRock MuniYield Quality Fund III, Inc. $MYI

NewEdge Advisors LLC lessened its position in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) by 93.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,132 shares of the investment management company’s stock after selling 69,125 shares during the period. NewEdge Advisors LLC’s holdings in BlackRock MuniYield Quality Fund III were worth $54,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Steward Partners Investment Advisory LLC raised its holdings in BlackRock MuniYield Quality Fund III by 8.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 15,167 shares of the investment management company’s stock valued at $165,000 after acquiring an additional 1,155 shares during the last quarter. Coastal Bridge Advisors LLC grew its position in shares of BlackRock MuniYield Quality Fund III by 0.8% in the fourth quarter. Coastal Bridge Advisors LLC now owns 173,968 shares of the investment management company’s stock valued at $1,891,000 after purchasing an additional 1,366 shares during the period. Rockefeller Capital Management L.P. grew its position in shares of BlackRock MuniYield Quality Fund III by 0.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 249,293 shares of the investment management company’s stock valued at $2,710,000 after purchasing an additional 2,055 shares during the period. Kim LLC increased its stake in BlackRock MuniYield Quality Fund III by 1.1% in the second quarter. Kim LLC now owns 203,124 shares of the investment management company’s stock valued at $2,131,000 after purchasing an additional 2,117 shares during the last quarter. Finally, Pathway Financial Advisers LLC increased its stake in BlackRock MuniYield Quality Fund III by 11.6% in the fourth quarter. Pathway Financial Advisers LLC now owns 20,870 shares of the investment management company’s stock valued at $227,000 after purchasing an additional 2,172 shares during the last quarter. Hedge funds and other institutional investors own 34.01% of the company’s stock.

BlackRock MuniYield Quality Fund III Trading Up 0.3%

NYSE MYI opened at $10.77 on Friday. The business’s 50-day moving average price is $10.88 and its 200 day moving average price is $10.91. BlackRock MuniYield Quality Fund III, Inc. has a twelve month low of $10.37 and a twelve month high of $11.46.

BlackRock MuniYield Quality Fund III Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be given a $0.0555 dividend. The ex-dividend date of this dividend 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.