Focused Wealth Management Inc Acquires New Shares in BlackRock MuniYield Quality Fund III, Inc. $MYI

Focused Wealth Management Inc acquired a new position in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 185,795 shares of the investment management company’s stock, valued at approximately $1,886,000.

Other hedge funds have also bought and sold shares of the company. Geneos Wealth Management Inc. lifted its stake in BlackRock MuniYield Quality Fund III by 803.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 5,053 shares of the investment management company’s stock valued at $56,000 after acquiring an additional 4,494 shares during the period. NewEdge Advisors LLC boosted its holdings in shares of BlackRock MuniYield Quality Fund III by 1.4% during the 2nd quarter. NewEdge Advisors LLC now owns 206,048 shares of the investment management company’s stock valued at $2,161,000 after acquiring an additional 2,822 shares during the last quarter. Karpus Management Inc. grew its stake in shares of BlackRock MuniYield Quality Fund III by 3.0% in the second quarter. Karpus Management Inc. now owns 327,800 shares of the investment management company’s stock worth $3,439,000 after acquiring an additional 9,600 shares during the period. Jane Street Group LLC purchased a new position in shares of BlackRock MuniYield Quality Fund III during the second quarter valued at approximately $373,000. Finally, Kim LLC lifted its position in BlackRock MuniYield Quality Fund III by 1.1% during the second quarter. Kim LLC now owns 203,124 shares of the investment management company’s stock valued at $2,131,000 after purchasing an additional 2,117 shares during the period. Hedge funds and other institutional investors own 34.01% of the company’s stock.

BlackRock MuniYield Quality Fund III Stock Performance

Shares of MYI stock opened at $10.77 on Tuesday. BlackRock MuniYield Quality Fund III, Inc. has a 12-month low of $10.35 and a 12-month high of $11.46. The firm’s 50 day moving average is $10.91 and its 200 day moving average is $10.93.

BlackRock MuniYield Quality Fund III Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.0555 per share. The ex-dividend date is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 6.2%.

BlackRock MuniYield Quality Fund III Company Profile

BlackRock MuniYield Quality Fund III (NYSE: MYI) is a closed-end management investment company that seeks to provide investors with a high level of current income exempt from federal income tax. The fund primarily invests in a diversified portfolio of investment-grade municipal securities, including bonds, notes and other debt obligations issued by state and local governments, agencies and authorities across the United States.

In managing its portfolio, the fund generally allocates at least 80% of its total assets to investment-grade municipal debt instruments.