Rareview Capital LLC Trims Stock Position in BlackRock MuniYield Quality Fund III, Inc. $MYI

Rareview Capital LLC cut its stake in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) by 16.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 385,009 shares of the investment management company’s stock after selling 76,034 shares during the quarter. BlackRock MuniYield Quality Fund III comprises about 2.0% of Rareview Capital LLC’s holdings, making the stock its 12th biggest holding. Rareview Capital LLC’s holdings in BlackRock MuniYield Quality Fund III were worth $4,039,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Rivernorth Capital Management LLC increased its position in shares of BlackRock MuniYield Quality Fund III by 200.0% during the first quarter. Rivernorth Capital Management LLC now owns 5,254,333 shares of the investment management company’s stock valued at $55,223,000 after buying an additional 3,502,884 shares during the period. Bank of America Corp DE purchased a new stake in BlackRock MuniYield Quality Fund III in the second quarter worth about $16,031,000. Guggenheim Capital LLC lifted its holdings in BlackRock MuniYield Quality Fund III by 6.7% in the fourth quarter. Guggenheim Capital LLC now owns 1,435,436 shares of the investment management company’s stock worth $15,603,000 after buying an additional 89,854 shares during the period. Van ECK Associates Corp lifted its holdings in BlackRock MuniYield Quality Fund III by 2.6% in the second quarter. Van ECK Associates Corp now owns 973,208 shares of the investment management company’s stock worth $10,812,000 after buying an additional 24,636 shares during the period. Finally, Raymond James Financial Inc. grew its holdings in shares of BlackRock MuniYield Quality Fund III by 5.0% during the 3rd quarter. Raymond James Financial Inc. now owns 953,457 shares of the investment management company’s stock worth $10,564,000 after acquiring an additional 45,120 shares during the period. 34.01% of the stock is owned by hedge funds and other institutional investors.

BlackRock MuniYield Quality Fund III Price Performance

Shares of NYSE:MYI opened at $10.49 on Friday. BlackRock MuniYield Quality Fund III, Inc. has a 52-week low of $10.37 and a 52-week high of $11.46. The stock has a 50 day moving average price of $10.83 and a 200-day moving average price of $10.89.

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.