BlackRock MuniYield Quality Fund III, Inc. $MYI Shares Sold by NewEdge Advisors LLC

NewEdge Advisors LLC reduced its stake in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) by 93.1% in the 1st quarter, Holdings Channel reports. The firm owned 5,132 shares of the investment management company’s stock after selling 69,125 shares during the quarter. NewEdge Advisors LLC’s holdings in BlackRock MuniYield Quality Fund III were worth $54,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its position in shares of BlackRock MuniYield Quality Fund III by 78.6% in the first quarter. Bank of America Corp DE now owns 1,173,240 shares of the investment management company’s stock worth $12,331,000 after buying an additional 516,460 shares during the period. EverSource Wealth Advisors LLC acquired a new stake in shares of BlackRock MuniYield Quality Fund III in the first quarter valued at about $44,000. Rivernorth Capital Management LLC raised its holdings in shares of BlackRock MuniYield Quality Fund III by 200.0% during the 1st quarter. Rivernorth Capital Management LLC now owns 5,254,333 shares of the investment management company’s stock valued at $55,223,000 after buying an additional 3,502,884 shares during the period. Royal Bank of Canada raised its holdings in shares of BlackRock MuniYield Quality Fund III by 58.8% during the 1st quarter. Royal Bank of Canada now owns 349,623 shares of the investment management company’s stock valued at $3,675,000 after buying an additional 129,414 shares during the period. Finally, Lido Advisors LLC purchased a new position in BlackRock MuniYield Quality Fund III in the 1st quarter worth approximately $707,000. 34.01% of the stock is owned by hedge funds and other institutional investors.

BlackRock MuniYield Quality Fund III Trading Up 0.3%

MYI opened at $10.77 on Friday. The firm’s 50 day moving average is $10.88 and its 200-day moving average is $10.91. BlackRock MuniYield Quality Fund III, Inc. has a 52-week low of $10.37 and a 52-week high of $11.46.

BlackRock MuniYield Quality Fund III Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be issued 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.

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.