Advisors Asset Management Inc. Sells 75,721 Shares of BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI)

Advisors Asset Management Inc. reduced its stake in shares of BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) by 14.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 434,355 shares of the investment management company’s stock after selling 75,721 shares during the quarter. Advisors Asset Management Inc.’s holdings in BlackRock MuniYield Quality Fund III were worth $4,795,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Raymond James Financial Inc. purchased a new position in BlackRock MuniYield Quality Fund III during the fourth quarter valued at $9,107,000. Stifel Financial Corp grew its position in shares of BlackRock MuniYield Quality Fund III by 40.0% during the third quarter. Stifel Financial Corp now owns 623,360 shares of the investment management company’s stock valued at $7,480,000 after purchasing an additional 177,997 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in shares of BlackRock MuniYield Quality Fund III by 8.8% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 1,073,688 shares of the investment management company’s stock worth $11,854,000 after purchasing an additional 86,787 shares during the last quarter. Scarborough Advisors LLC purchased a new stake in shares of BlackRock MuniYield Quality Fund III in the fourth quarter worth about $699,000. Finally, HighTower Advisors LLC boosted its stake in BlackRock MuniYield Quality Fund III by 65.6% during the fourth quarter. HighTower Advisors LLC now owns 151,639 shares of the investment management company’s stock valued at $1,674,000 after buying an additional 60,093 shares during the last quarter. Institutional investors own 34.01% of the company’s stock.

BlackRock MuniYield Quality Fund III Stock Down 0.2 %

NYSE:MYI opened at $10.83 on Thursday. BlackRock MuniYield Quality Fund III, Inc. has a 1 year low of $10.73 and a 1 year high of $12.07. The stock’s 50 day simple moving average is $11.10 and its two-hundred day simple moving average is $11.36.

BlackRock MuniYield Quality Fund III Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be given a $0.0555 dividend. This represents a $0.67 annualized dividend and a yield of 6.15%. The ex-dividend date of this dividend is Friday, March 14th.

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.