Riverbridge Partners LLC Makes New $774,000 Investment in BlackRock MuniYield Quality Fund III, Inc. $MYI

Riverbridge Partners LLC purchased a new position in shares of BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 73,672 shares of the investment management company’s stock, valued at approximately $774,000.

A number of other institutional investors and hedge funds have also made changes to their positions in MYI. Kim LLC increased its holdings in shares of BlackRock MuniYield Quality Fund III by 0.5% in the 3rd quarter. Kim LLC now owns 204,185 shares of the investment management company’s stock valued at $2,262,000 after purchasing an additional 1,061 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in BlackRock MuniYield Quality Fund III by 8.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 15,167 shares of the investment management company’s stock worth $165,000 after buying an additional 1,155 shares in the last quarter. Coastal Bridge Advisors LLC boosted its holdings in BlackRock MuniYield Quality Fund III by 0.8% during the fourth quarter. Coastal Bridge Advisors LLC now owns 173,968 shares of the investment management company’s stock worth $1,891,000 after buying an additional 1,366 shares in the last quarter. Rockefeller Capital Management L.P. grew its position in BlackRock MuniYield Quality Fund III by 0.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 249,293 shares of the investment management company’s stock worth $2,710,000 after buying an additional 2,055 shares during the period. Finally, Pathway Financial Advisers LLC grew its position in BlackRock MuniYield Quality Fund III by 11.6% during the fourth quarter. Pathway Financial Advisers LLC now owns 20,870 shares of the investment management company’s stock worth $227,000 after buying an additional 2,172 shares during the period. 34.01% of the stock is owned by institutional investors and hedge funds.

BlackRock MuniYield Quality Fund III Stock Down 0.2%

Shares of BlackRock MuniYield Quality Fund III stock opened at $11.01 on Thursday. BlackRock MuniYield Quality Fund III, Inc. has a 12-month low of $10.20 and a 12-month high of $11.46. The company has a 50-day moving average of $10.90 and a two-hundred day moving average of $10.95.

BlackRock MuniYield Quality Fund III Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be paid a $0.0555 dividend. This represents a c) annualized dividend and a yield of 6.1%. 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.