HighTower Advisors LLC Acquires 60,093 Shares of BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI)

HighTower Advisors LLC boosted its position in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) by 65.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 151,639 shares of the investment management company’s stock after purchasing an additional 60,093 shares during the period. HighTower Advisors LLC’s holdings in BlackRock MuniYield Quality Fund III were worth $1,674,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of MYI. Larson Financial Group LLC increased its holdings in BlackRock MuniYield Quality Fund III by 238.1% in the 3rd quarter. Larson Financial Group LLC now owns 6,085 shares of the investment management company’s stock worth $73,000 after purchasing an additional 4,285 shares in the last quarter. Horizon Kinetics Asset Management LLC grew its stake in BlackRock MuniYield Quality Fund III by 5.2% during the third quarter. Horizon Kinetics Asset Management LLC now owns 44,854 shares of the investment management company’s stock worth $538,000 after purchasing an additional 2,200 shares during the period. Icon Wealth Advisors LLC acquired a new stake in BlackRock MuniYield Quality Fund III during the third quarter worth approximately $104,000. Stifel Financial Corp grew its stake in 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 worth $7,480,000 after purchasing an additional 177,997 shares during the period. Finally, Cresta Advisors Ltd. acquired a new stake in BlackRock MuniYield Quality Fund III during the third quarter worth approximately $204,000. Institutional investors and hedge funds own 34.01% of the company’s stock.

BlackRock MuniYield Quality Fund III Stock Up 0.3 %

NYSE MYI opened at $11.02 on Monday. The business has a 50 day simple moving average of $11.10 and a 200 day simple moving average of $11.35. BlackRock MuniYield Quality Fund III, Inc. has a one year low of $10.73 and a one year high of $12.07.

BlackRock MuniYield Quality Fund III Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a dividend of $0.0555 per share. The ex-dividend date is Friday, March 14th. This represents a $0.67 annualized dividend and a yield of 6.05%.

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.