Hennion & Walsh Asset Management Inc. Acquires 287,568 Shares of BlackRock MuniYield Quality Fund III, Inc. $MYI

Hennion & Walsh Asset Management Inc. raised its stake in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) by 22.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 1,541,283 shares of the investment management company’s stock after acquiring an additional 287,568 shares during the quarter. BlackRock MuniYield Quality Fund III makes up 0.6% of Hennion & Walsh Asset Management Inc.’s portfolio, making the stock its 25th biggest position. Hennion & Walsh Asset Management Inc.’s holdings in BlackRock MuniYield Quality Fund III were worth $17,077,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of MYI. Advisors Asset Management Inc. lifted its position in BlackRock MuniYield Quality Fund III by 10.3% in the 2nd quarter. Advisors Asset Management Inc. now owns 390,021 shares of the investment management company’s stock valued at $4,091,000 after acquiring an additional 36,349 shares in the last quarter. Karpus Management Inc. increased its stake in shares of BlackRock MuniYield Quality Fund III by 3.0% during the 2nd quarter. Karpus Management Inc. now owns 327,800 shares of the investment management company’s stock worth $3,439,000 after purchasing an additional 9,600 shares during the last quarter. Rockefeller Capital Management L.P. increased its position in BlackRock MuniYield Quality Fund III by 376.3% in the second quarter. Rockefeller Capital Management L.P. now owns 236,192 shares of the investment management company’s stock worth $2,478,000 after buying an additional 186,602 shares during the last quarter. NewEdge Advisors LLC raised its stake in BlackRock MuniYield Quality Fund III by 1.4% in 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. Finally, Kim LLC raised its position in shares of 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 period. 34.01% of the stock is owned by institutional investors and hedge funds.

BlackRock MuniYield Quality Fund III Price Performance

Shares of MYI opened at $10.86 on Tuesday. BlackRock MuniYield Quality Fund III, Inc. has a 52-week low of $9.98 and a 52-week high of $11.46. The stock’s 50-day simple moving average is $10.93 and its 200 day simple moving average is $10.76.

BlackRock MuniYield Quality Fund III Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be paid a $0.0555 dividend. This represents a c) dividend on an annualized basis and a yield of 6.1%. The ex-dividend date of this dividend is Friday, March 13th.

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.