City of London Investment Management Co. Ltd. Has $3.66 Million Stock Position in BlackRock MuniYield Quality Fund III, Inc. $MYI

City of London Investment Management Co. Ltd. lessened its stake in shares of BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) by 23.4% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 348,844 shares of the investment management company’s stock after selling 106,555 shares during the period. City of London Investment Management Co. Ltd.’s holdings in BlackRock MuniYield Quality Fund III were worth $3,659,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Wolverine Asset Management LLC bought a new position in shares of BlackRock MuniYield Quality Fund III in the 1st quarter valued at $40,000. Geneos Wealth Management Inc. grew its position in BlackRock MuniYield Quality Fund III by 803.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 5,053 shares of the investment management company’s stock worth $56,000 after acquiring an additional 4,494 shares during the last quarter. Chung Wu Investment Group LLC acquired a new position in BlackRock MuniYield Quality Fund III in the 2nd quarter worth about $63,000. Plancorp LLC acquired a new position in BlackRock MuniYield Quality Fund III in the 1st quarter worth about $110,000. Finally, Choreo LLC bought a new position in BlackRock MuniYield Quality Fund III in the first quarter valued at about $118,000. 34.01% of the stock is currently owned by institutional investors and hedge funds.

BlackRock MuniYield Quality Fund III Price Performance

Shares of MYI stock opened at $11.00 on Friday. The business’s 50-day moving average price is $11.01 and its 200-day moving average price is $10.66. BlackRock MuniYield Quality Fund III, Inc. has a 12 month low of $9.98 and a 12 month high of $11.63.

BlackRock MuniYield Quality Fund III Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 14th will be given a dividend of $0.0555 per share. The ex-dividend date is Friday, November 14th. This represents a c) annualized dividend and a yield of 6.1%.

BlackRock MuniYield Quality Fund III Company 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.