Rivernorth Capital Management LLC Sells 30,340 Shares of BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI)

Rivernorth Capital Management LLC lowered its position in shares of BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) by 1.6% in the third quarter, HoldingsChannel reports. The fund owned 1,919,220 shares of the investment management company’s stock after selling 30,340 shares during the period. BlackRock MuniYield Quality Fund III accounts for approximately 1.1% of Rivernorth Capital Management LLC’s investment portfolio, making the stock its 29th largest holding. Rivernorth Capital Management LLC’s holdings in BlackRock MuniYield Quality Fund III were worth $23,031,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new stake in shares of BlackRock MuniYield Quality Fund III in the 2nd quarter valued at $42,000. Larson Financial Group LLC increased its stake in BlackRock MuniYield Quality Fund III by 238.1% during the 3rd quarter. Larson Financial Group LLC now owns 6,085 shares of the investment management company’s stock worth $73,000 after purchasing an additional 4,285 shares in the last quarter. Wolverine Asset Management LLC acquired a new stake in BlackRock MuniYield Quality Fund III during the 2nd quarter worth approximately $80,000. Icon Wealth Advisors LLC bought a new position in BlackRock MuniYield Quality Fund III in the third quarter valued at approximately $104,000. Finally, Callan Family Office LLC bought a new stake in shares of BlackRock MuniYield Quality Fund III during the second quarter worth $154,000. Institutional investors own 34.01% of the company’s stock.

BlackRock MuniYield Quality Fund III Stock Down 0.9 %

MYI opened at $11.45 on Friday. BlackRock MuniYield Quality Fund III, Inc. has a 12 month low of $10.83 and a 12 month high of $12.07. The firm’s fifty day simple moving average is $11.50 and its 200 day simple moving average is $11.45.

BlackRock MuniYield Quality Fund III Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be given a $0.0555 dividend. This represents a $0.67 dividend on an annualized basis and a dividend yield of 5.82%. The ex-dividend date is Monday, December 16th.

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.