Horizon Kinetics Asset Management LLC Raises Stock Position in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI)

Horizon Kinetics Asset Management LLC grew its stake in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) by 5.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,854 shares of the investment management company’s stock after purchasing an additional 2,200 shares during the quarter. Horizon Kinetics Asset Management LLC owned about 0.07% of BlackRock MuniYield Quality Fund III worth $538,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Larson Financial Group LLC raised its stake in BlackRock MuniYield Quality Fund III by 238.1% in the third quarter. Larson Financial Group LLC now owns 6,085 shares of the investment management company’s stock worth $73,000 after buying an additional 4,285 shares in the last quarter. First Western Trust Bank bought a new position in shares of BlackRock MuniYield Quality Fund III in the 3rd quarter worth approximately $471,000. US Bancorp DE lifted its stake in shares of BlackRock MuniYield Quality Fund III by 49.8% in the 3rd quarter. US Bancorp DE now owns 25,183 shares of the investment management company’s stock valued at $302,000 after purchasing an additional 8,370 shares during the period. Hennion & Walsh Asset Management Inc. increased its stake in shares of BlackRock MuniYield Quality Fund III by 11.8% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 986,901 shares of the investment management company’s stock worth $11,843,000 after acquiring an additional 104,304 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its stake in BlackRock MuniYield Quality Fund III by 1,108.2% during the third quarter. International Assets Investment Management LLC now owns 44,872 shares of the investment management company’s stock worth $5,380,000 after acquiring an additional 41,158 shares in the last quarter. 34.01% of the stock is owned by hedge funds and other institutional investors.

BlackRock MuniYield Quality Fund III Stock Performance

Shares of MYI opened at $11.34 on Tuesday. The firm’s 50-day simple moving average is $11.62 and its two-hundred day simple moving average is $11.42. BlackRock MuniYield Quality Fund III, Inc. has a fifty-two week low of $10.68 and a fifty-two week high of $12.07.

BlackRock MuniYield Quality Fund III Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be paid a dividend of $0.0555 per share. This represents a $0.67 dividend on an annualized basis and a yield of 5.87%. The ex-dividend date is Friday, November 15th.

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.