Royal Bank of Canada Grows Stake in BlackRock MuniYield Quality Fund III, Inc. $MYI

Royal Bank of Canada grew its stake in shares of BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) by 58.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 349,623 shares of the investment management company’s stock after acquiring an additional 129,414 shares during the quarter. Royal Bank of Canada owned about 0.29% of BlackRock MuniYield Quality Fund III worth $3,675,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Fiera Capital Corp bought a new position in BlackRock MuniYield Quality Fund III in the 4th quarter worth about $4,652,000. Allspring Global Investments Holdings LLC increased its stake in BlackRock MuniYield Quality Fund III by 298.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 537,780 shares of the investment management company’s stock valued at $5,652,000 after purchasing an additional 402,688 shares in the last quarter. Balyasny Asset Management L.P. bought a new stake in BlackRock MuniYield Quality Fund III during the 4th quarter valued at about $1,523,000. PNC Financial Services Group Inc. increased its stake in BlackRock MuniYield Quality Fund III by 128.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 192,252 shares of the investment management company’s stock valued at $2,021,000 after purchasing an additional 107,926 shares in the last quarter. Finally, Scarborough Advisors LLC raised its holdings in BlackRock MuniYield Quality Fund III by 168.8% in the first quarter. Scarborough Advisors LLC now owns 169,362 shares of the investment management company’s stock worth $1,780,000 after buying an additional 106,362 shares during the last quarter. Hedge funds and other institutional investors own 34.01% of the company’s stock.

BlackRock MuniYield Quality Fund III Trading Down 0.4%

Shares of NYSE MYI opened at $10.84 on Friday. The firm’s 50 day moving average price is $10.91 and its 200-day moving average price is $10.94. BlackRock MuniYield Quality Fund III, Inc. has a 52-week low of $10.35 and a 52-week high of $11.46.

BlackRock MuniYield Quality Fund III Dividend Announcement

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 issued a $0.0555 dividend. This represents a c) dividend on an annualized basis and a yield of 6.1%. The ex-dividend date is Tuesday, September 15th.

BlackRock MuniYield Quality Fund III Company Profile

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.