Advisors Asset Management Inc. Sells 10,797 Shares of BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI)

Advisors Asset Management Inc. trimmed its holdings in shares of BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) by 2.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 507,202 shares of the investment management company’s stock after selling 10,797 shares during the quarter. Advisors Asset Management Inc. owned about 0.75% of BlackRock MuniYield Quality Fund III worth $5,813,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Van ECK Associates Corp raised its holdings in BlackRock MuniYield Quality Fund III by 8.7% in the 4th quarter. Van ECK Associates Corp now owns 485,279 shares of the investment management company’s stock valued at $5,649,000 after acquiring an additional 38,977 shares in the last quarter. Stifel Financial Corp increased its holdings in BlackRock MuniYield Quality Fund III by 245.8% in the 4th quarter. Stifel Financial Corp now owns 428,494 shares of the investment management company’s stock valued at $4,988,000 after buying an additional 304,587 shares during the period. Robinson Capital Management LLC raised its position in shares of BlackRock MuniYield Quality Fund III by 90.6% in the 4th quarter. Robinson Capital Management LLC now owns 411,393 shares of the investment management company’s stock valued at $4,795,000 after buying an additional 195,566 shares in the last quarter. Raymond James & Associates lifted its holdings in shares of BlackRock MuniYield Quality Fund III by 35.3% during the 1st quarter. Raymond James & Associates now owns 393,232 shares of the investment management company’s stock worth $4,506,000 after acquiring an additional 102,598 shares during the period. Finally, City of London Investment Management Co. Ltd. lifted its stake in BlackRock MuniYield Quality Fund III by 81.2% during the first quarter. City of London Investment Management Co. Ltd. now owns 362,844 shares of the investment management company’s stock worth $4,158,000 after purchasing an additional 162,646 shares during the last quarter. Institutional investors and hedge funds own 34.01% of the company’s stock.

BlackRock MuniYield Quality Fund III Trading Up 0.3 %

Shares of MYI traded up $0.03 during midday trading on Friday, hitting $11.37. The company’s stock had a trading volume of 168,199 shares, compared to its average volume of 215,191. BlackRock MuniYield Quality Fund III, Inc. has a one year low of $9.32 and a one year high of $11.70. The company’s fifty day simple moving average is $11.15 and its two-hundred day simple moving average is $11.22.

BlackRock MuniYield Quality Fund III Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Monday, July 15th will be given a $0.0555 dividend. This represents a $0.67 dividend on an annualized basis and a yield of 5.86%. The ex-dividend date of this dividend is Monday, July 15th.

About BlackRock MuniYield Quality Fund III

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.