Bridgewater Advisors Inc. Acquires Shares of 68,819 BlackRock MuniYield Quality Fund III, Inc. $MYI

Bridgewater Advisors Inc. acquired a new stake in shares of BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) in the second quarter, HoldingsChannel.com reports. The fund acquired 68,819 shares of the investment management company’s stock, valued at approximately $669,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in MYI. Rivernorth Capital Management LLC increased its stake in shares of BlackRock MuniYield Quality Fund III by 200.0% in the first quarter. Rivernorth Capital Management LLC now owns 5,254,333 shares of the investment management company’s stock worth $55,223,000 after buying an additional 3,502,884 shares during the period. Guggenheim Capital LLC grew its holdings in BlackRock MuniYield Quality Fund III by 6.7% in the 4th quarter. Guggenheim Capital LLC now owns 1,435,436 shares of the investment management company’s stock worth $15,603,000 after acquiring an additional 89,854 shares during the last quarter. Bank of America Corp DE grew its holdings in BlackRock MuniYield Quality Fund III by 78.6% in the 1st quarter. Bank of America Corp DE now owns 1,173,240 shares of the investment management company’s stock worth $12,331,000 after acquiring an additional 516,460 shares during the last quarter. Raymond James Financial Inc. increased its position in shares of BlackRock MuniYield Quality Fund III by 5.0% in the third quarter. Raymond James Financial Inc. now owns 953,457 shares of the investment management company’s stock valued at $10,564,000 after acquiring an additional 45,120 shares during the period. Finally, UBS Group AG raised its stake in shares of 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 valued at $6,931,000 after acquiring an additional 18,893 shares during the last quarter. Institutional investors own 34.01% of the company’s stock.

BlackRock MuniYield Quality Fund III Trading Down 0.4%

BlackRock MuniYield Quality Fund III stock opened at $10.84 on Friday. The firm has a 50-day moving average of $10.91 and a 200-day moving average of $10.94. BlackRock MuniYield Quality Fund III, Inc. has a 1-year low of $10.35 and a 1-year high of $11.46.

BlackRock MuniYield Quality Fund III Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.0555 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 6.1%.

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.