BlackRock MuniYield Quality Fund III, Inc. (MYI) To Go Ex-Dividend on May 15th

BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) announced a monthly dividend on Friday, February 27th. Investors of record on Friday, May 15th will be given a dividend of 0.0555 per share by the investment management company on Monday, June 1st. This represents a c) annualized dividend and a yield of 6.1%. The ex-dividend date is Friday, May 15th.

BlackRock MuniYield Quality Fund III Stock Performance

NYSE MYI traded down $0.01 during trading hours on Wednesday, hitting $10.94. The company had a trading volume of 14,595 shares, compared to its average volume of 243,967. BlackRock MuniYield Quality Fund III has a 1-year low of $10.20 and a 1-year high of $11.46. The business has a 50 day moving average of $10.88 and a 200-day moving average of $10.97.

Institutional Trading of BlackRock MuniYield Quality Fund III

A number of hedge funds have recently added to or reduced their stakes in MYI. Coastal Bridge Advisors LLC grew its position in shares of BlackRock MuniYield Quality Fund III by 48.4% in the third quarter. Coastal Bridge Advisors LLC now owns 172,602 shares of the investment management company’s stock valued at $1,912,000 after purchasing an additional 56,318 shares during the last quarter. TrueMark Investments LLC purchased a new stake in BlackRock MuniYield Quality Fund III in the 3rd quarter valued at approximately $194,000. PNC Financial Services Group Inc. lifted its stake in BlackRock MuniYield Quality Fund III by 6.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 84,326 shares of the investment management company’s stock valued at $917,000 after buying an additional 5,000 shares in the last quarter. UBS Group AG grew its holdings in BlackRock MuniYield Quality Fund III by 3.1% during the 4th quarter. UBS Group AG now owns 637,653 shares of the investment management company’s stock valued at $6,931,000 after buying an additional 18,893 shares during the last quarter. Finally, Elyxium Wealth LLC acquired a new stake in BlackRock MuniYield Quality Fund III during the 4th quarter valued at $69,000. 34.01% of the stock is owned by institutional investors and hedge funds.

About BlackRock MuniYield Quality Fund III

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.