BlackRock MuniYield Quality Fund III, Inc. $MYI Shares Sold by Sit Investment Associates Inc.

Sit Investment Associates Inc. cut its holdings in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) by 22.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 204,688 shares of the investment management company’s stock after selling 57,778 shares during the quarter. Sit Investment Associates Inc. owned 0.31% of BlackRock MuniYield Quality Fund III worth $2,225,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in MYI. Trust Co. of Vermont acquired a new stake in BlackRock MuniYield Quality Fund III in the 4th quarter valued at $25,000. Geneos Wealth Management Inc. raised its position in BlackRock MuniYield Quality Fund III by 803.9% during the first quarter. Geneos Wealth Management Inc. now owns 5,053 shares of the investment management company’s stock worth $56,000 after acquiring an additional 4,494 shares during the period. Elyxium Wealth LLC purchased a new position in BlackRock MuniYield Quality Fund III during the fourth quarter valued at $69,000. Comerica Bank lifted its holdings in BlackRock MuniYield Quality Fund III by 22,586.2% during the fourth quarter. Comerica Bank now owns 6,579 shares of the investment management company’s stock valued at $72,000 after purchasing an additional 6,550 shares in the last quarter. Finally, Prestige Wealth Management Group LLC acquired a new stake in shares of BlackRock MuniYield Quality Fund III in the third quarter valued at about $83,000. Hedge funds and other institutional investors own 34.01% of the company’s stock.

BlackRock MuniYield Quality Fund III Price Performance

MYI stock opened at $10.97 on Friday. The firm has a 50-day simple moving average of $10.91 and a 200-day simple moving average of $10.95. BlackRock MuniYield Quality Fund III, Inc. has a 52 week low of $10.20 and a 52 week high of $11.46.

BlackRock MuniYield Quality Fund III Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be issued a $0.0555 dividend. This represents a c) annualized dividend and a yield of 6.1%. The ex-dividend date is Tuesday, September 15th.

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.