BlackRock MuniYield Quality Fund III, Inc. $MYI is Rareview Capital LLC’s 9th Largest Position

Rareview Capital LLC lifted its stake in shares of BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) by 22.1% during the 1st quarter, Holdings Channel reports. The fund owned 461,043 shares of the investment management company’s stock after buying an additional 83,565 shares during the quarter. BlackRock MuniYield Quality Fund III comprises 2.8% of Rareview Capital LLC’s portfolio, making the stock its 9th largest holding. Rareview Capital LLC’s holdings in BlackRock MuniYield Quality Fund III were worth $4,836,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Hennion & Walsh Asset Management Inc. grew its holdings in shares of BlackRock MuniYield Quality Fund III by 0.8% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 1,554,195 shares of the investment management company’s stock valued at $16,894,000 after purchasing an additional 12,912 shares during the period. Guggenheim Capital LLC increased its position in BlackRock MuniYield Quality Fund III by 6.7% during the fourth quarter. Guggenheim Capital LLC now owns 1,435,436 shares of the investment management company’s stock worth $15,603,000 after purchasing an additional 89,854 shares during the last quarter. Raymond James Financial Inc. raised its stake in BlackRock MuniYield Quality Fund III by 5.0% during the third quarter. Raymond James Financial Inc. now owns 953,457 shares of the investment management company’s stock worth $10,564,000 after purchasing an additional 45,120 shares during the period. UBS Group AG raised its stake in BlackRock MuniYield Quality Fund III by 3.1% during the fourth quarter. UBS Group AG now owns 637,653 shares of the investment management company’s stock worth $6,931,000 after purchasing an additional 18,893 shares during the period. Finally, Advisors Asset Management Inc. raised its stake in BlackRock MuniYield Quality Fund III by 25.1% during the fourth quarter. Advisors Asset Management Inc. now owns 512,926 shares of the investment management company’s stock worth $5,576,000 after purchasing an additional 102,753 shares during the period. Institutional investors and hedge funds own 34.01% of the company’s stock.

BlackRock MuniYield Quality Fund III Trading Up 0.0%

NYSE:MYI opened at $11.12 on Friday. The company’s 50-day moving average is $10.91 and its two-hundred day moving average is $10.95. BlackRock MuniYield Quality Fund III, Inc. has a 1-year low of $10.20 and a 1-year high of $11.46.

BlackRock MuniYield Quality Fund III Announces Dividend

The firm 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. The ex-dividend date is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 6.0%.

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.