BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) Shares Acquired by Sit Investment Associates Inc.

Sit Investment Associates Inc. increased its position in shares of BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) by 21.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 316,454 shares of the investment management company’s stock after purchasing an additional 55,701 shares during the quarter. Sit Investment Associates Inc. owned 0.46% of BlackRock MuniYield Quality Fund III worth $3,494,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in MYI. Creative Financial Designs Inc. ADV acquired a new position in BlackRock MuniYield Quality Fund III during the 4th quarter valued at approximately $43,000. Virtu Financial LLC bought a new stake in BlackRock MuniYield Quality Fund III in the fourth quarter valued at $185,000. Cresta Advisors Ltd. acquired a new position in shares of BlackRock MuniYield Quality Fund III during the third quarter valued at $204,000. Pathway Financial Advisers LLC bought a new position in shares of BlackRock MuniYield Quality Fund III during the fourth quarter worth about $211,000. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of BlackRock MuniYield Quality Fund III in the 4th quarter worth about $266,000. Institutional investors and hedge funds own 34.01% of the company’s stock.

BlackRock MuniYield Quality Fund III Trading Down 0.9 %

Shares of NYSE:MYI opened at $10.88 on Monday. The company’s 50-day moving average price is $11.09 and its 200 day moving average price is $11.29. BlackRock MuniYield Quality Fund III, Inc. has a fifty-two week low of $10.73 and a fifty-two week high of $12.07.

BlackRock MuniYield Quality Fund III Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be issued a $0.0555 dividend. This represents a $0.67 dividend on an annualized basis and a yield of 6.12%. The ex-dividend date of this dividend is Tuesday, April 15th.

About BlackRock MuniYield Quality Fund III

BlackRock MuniYield Quality Fund III, Inc is a closed ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It invests primarily in a portfolio of long-term investment-grade municipal obligations exempt from federal income taxes.