Eastern Bank Buys Shares of 106,860 BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI)

Eastern Bank purchased a new stake in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 106,860 shares of the investment management company’s stock, valued at approximately $1,282,000.

Several other hedge funds also recently modified their holdings of MYI. Strategies Wealth Advisors LLC boosted its holdings in shares of BlackRock MuniYield Quality Fund III by 5.3% during the 2nd quarter. Strategies Wealth Advisors LLC now owns 25,755 shares of the investment management company’s stock worth $288,000 after buying an additional 1,300 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in BlackRock MuniYield Quality Fund III by 4.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 45,728 shares of the investment management company’s stock valued at $511,000 after buying an additional 1,940 shares in the last quarter. International Assets Investment Management LLC bought a new stake in BlackRock MuniYield Quality Fund III during the 2nd quarter worth approximately $42,000. Melfa Wealth Management Inc. grew its stake in BlackRock MuniYield Quality Fund III by 1.9% in the 3rd quarter. Melfa Wealth Management Inc. now owns 240,790 shares of the investment management company’s stock worth $2,889,000 after buying an additional 4,512 shares in the last quarter. Finally, Wolverine Asset Management LLC bought a new position in BlackRock MuniYield Quality Fund III during the second quarter valued at approximately $80,000. Institutional investors and hedge funds own 34.01% of the company’s stock.

BlackRock MuniYield Quality Fund III Trading Down 0.9 %

BlackRock MuniYield Quality Fund III stock opened at $11.66 on Wednesday. BlackRock MuniYield Quality Fund III, Inc. has a 1-year low of $9.32 and a 1-year high of $12.07. The firm has a 50-day moving average of $11.76 and a 200-day moving average of $11.37.

BlackRock MuniYield Quality Fund III Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be given a dividend of $0.0555 per share. The ex-dividend date is Tuesday, October 15th. This represents a $0.67 annualized dividend and a dividend yield of 5.71%.

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.