Broyhill Asset Management Buys New Stake in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI)

Broyhill Asset Management purchased a new stake in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,775 shares of the investment management company’s stock, valued at approximately $185,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Rockefeller Capital Management L.P. grew its holdings in BlackRock MuniYield Quality Fund III by 1.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 57,076 shares of the investment management company’s stock worth $630,000 after acquiring an additional 1,028 shares during the period. Capital Investment Advisors LLC boosted its holdings in BlackRock MuniYield Quality Fund III by 0.7% during the fourth quarter. Capital Investment Advisors LLC now owns 261,498 shares of the investment management company’s stock worth $2,887,000 after buying an additional 1,748 shares in the last quarter. Creative Financial Designs Inc. ADV acquired a new stake in BlackRock MuniYield Quality Fund III during the fourth quarter valued at $43,000. Envestnet Asset Management Inc. increased its holdings in BlackRock MuniYield Quality Fund III by 35.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 15,676 shares of the investment management company’s stock valued at $173,000 after buying an additional 4,107 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of BlackRock MuniYield Quality Fund III in the fourth quarter worth about $185,000. 34.01% of the stock is owned by institutional investors and hedge funds.

BlackRock MuniYield Quality Fund III Trading Up 0.1 %

Shares of MYI stock opened at $10.33 on Monday. BlackRock MuniYield Quality Fund III, Inc. has a 12-month low of $9.98 and a 12-month high of $12.07. The business’s 50 day moving average is $10.99 and its two-hundred day moving average is $11.22.

BlackRock MuniYield Quality Fund III Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be given a $0.0555 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.67 annualized dividend and a dividend yield of 6.45%.

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.