Lido Advisors LLC Makes New Investment in BlackRock MuniYield Quality Fund III, Inc. $MYI

Lido Advisors LLC acquired a new stake in shares of BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 66,879 shares of the investment management company’s stock, valued at approximately $707,000. Lido Advisors LLC owned approximately 0.05% of BlackRock MuniYield Quality Fund III as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Fiera Capital Corp purchased a new position in shares of BlackRock MuniYield Quality Fund III in the 4th quarter valued at approximately $4,652,000. Allspring Global Investments Holdings LLC grew its stake in BlackRock MuniYield Quality Fund III by 298.1% in the first quarter. Allspring Global Investments Holdings LLC now owns 537,780 shares of the investment management company’s stock worth $5,652,000 after purchasing an additional 402,688 shares during the period. Balyasny Asset Management L.P. purchased a new stake in BlackRock MuniYield Quality Fund III in the fourth quarter worth $1,523,000. PNC Financial Services Group Inc. raised its holdings in BlackRock MuniYield Quality Fund III by 128.0% in the first quarter. PNC Financial Services Group Inc. now owns 192,252 shares of the investment management company’s stock worth $2,021,000 after purchasing an additional 107,926 shares in the last quarter. Finally, Scarborough Advisors LLC raised its holdings in BlackRock MuniYield Quality Fund III by 168.8% in the first quarter. Scarborough Advisors LLC now owns 169,362 shares of the investment management company’s stock worth $1,780,000 after purchasing an additional 106,362 shares in the last quarter. Institutional investors own 34.01% of the company’s stock.

BlackRock MuniYield Quality Fund III Price Performance

Shares of BlackRock MuniYield Quality Fund III stock opened at $10.76 on Thursday. BlackRock MuniYield Quality Fund III, Inc. has a 12 month low of $10.22 and a 12 month high of $11.46. The business has a fifty day simple moving average of $10.93 and a two-hundred day simple moving average of $10.96.

BlackRock MuniYield Quality Fund III Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be given a dividend of $0.0555 per share. This represents a c) dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend is Tuesday, September 15th.

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.