Advisors Asset Management Inc. Trims Position in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI)

Advisors Asset Management Inc. trimmed its holdings in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) by 1.8% in the third quarter, Holdings Channel.com reports. The institutional investor owned 510,076 shares of the investment management company’s stock after selling 9,359 shares during the quarter. Advisors Asset Management Inc.’s holdings in BlackRock MuniYield Quality Fund III were worth $6,121,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in MYI. Cetera Advisors LLC purchased a new stake in shares of BlackRock MuniYield Quality Fund III in the first quarter valued at about $191,000. Pathway Financial Advisers LLC purchased a new position in BlackRock MuniYield Quality Fund III during the first quarter worth about $229,000. Cambridge Trust Co. raised its holdings in BlackRock MuniYield Quality Fund III by 24.0% during the first quarter. Cambridge Trust Co. now owns 57,010 shares of the investment management company’s stock worth $653,000 after purchasing an additional 11,050 shares in the last quarter. Raymond James & Associates raised its holdings in BlackRock MuniYield Quality Fund III by 8.6% during the second quarter. Raymond James & Associates now owns 427,081 shares of the investment management company’s stock worth $4,775,000 after purchasing an additional 33,849 shares in the last quarter. Finally, Crescent Grove Advisors LLC raised its holdings in BlackRock MuniYield Quality Fund III by 34.5% during the second quarter. Crescent Grove Advisors LLC now owns 79,214 shares of the investment management company’s stock worth $890,000 after purchasing an additional 20,324 shares in the last quarter. 34.01% of the stock is owned by hedge funds and other institutional investors.

BlackRock MuniYield Quality Fund III Price Performance

NYSE MYI opened at $11.30 on Friday. BlackRock MuniYield Quality Fund III, Inc. has a 52-week low of $10.68 and a 52-week high of $12.07. The firm has a 50-day moving average price of $11.64 and a 200 day moving average price of $11.42.

BlackRock MuniYield Quality Fund III Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be issued a dividend of $0.0555 per share. The ex-dividend date is Friday, November 15th. This represents a $0.67 annualized dividend and a yield of 5.89%.

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.