88,233 Shares in BlackRock MuniYield Quality Fund III, Inc. $MYI Bought by Mackay Shields LLC

Mackay Shields LLC bought a new position in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 88,233 shares of the investment management company’s stock, valued at approximately $926,000.

A number of other institutional investors have also modified their holdings of MYI. Raymond James Financial Inc. raised its stake in shares of BlackRock MuniYield Quality Fund III by 19.6% during the 1st quarter. Raymond James Financial Inc. now owns 986,932 shares of the investment management company’s stock valued at $10,846,000 after buying an additional 162,048 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of BlackRock MuniYield Quality Fund III by 196.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 79,326 shares of the investment management company’s stock valued at $872,000 after buying an additional 52,594 shares during the last quarter. Concurrent Investment Advisors LLC raised its stake in shares of BlackRock MuniYield Quality Fund III by 213.2% during the 1st quarter. Concurrent Investment Advisors LLC now owns 33,345 shares of the investment management company’s stock valued at $366,000 after buying an additional 22,699 shares during the last quarter. LPL Financial LLC raised its stake in shares of BlackRock MuniYield Quality Fund III by 12.6% during the 1st quarter. LPL Financial LLC now owns 165,559 shares of the investment management company’s stock valued at $1,819,000 after buying an additional 18,518 shares during the last quarter. Finally, Cetera Investment Advisers purchased a new position in shares of BlackRock MuniYield Quality Fund III during the 1st quarter valued at about $172,000. Hedge funds and other institutional investors own 34.01% of the company’s stock.

BlackRock MuniYield Quality Fund III Stock Performance

NYSE MYI opened at $11.10 on Friday. The stock has a 50-day simple moving average of $10.75 and a two-hundred day simple moving average of $10.58. BlackRock MuniYield Quality Fund III, Inc. has a fifty-two week low of $9.98 and a fifty-two week high of $11.91.

BlackRock MuniYield Quality Fund III Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Wednesday, October 15th will be paid a dividend of $0.0555 per share. The ex-dividend date is Wednesday, October 15th. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%.

BlackRock MuniYield Quality Fund III Profile

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.