LPL Financial LLC Raises Stock Position in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI)

LPL Financial LLC increased its position in shares of BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) by 14.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 147,041 shares of the investment management company’s stock after acquiring an additional 18,349 shares during the period. LPL Financial LLC’s holdings in BlackRock MuniYield Quality Fund III were worth $1,623,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Creative Financial Designs Inc. ADV bought a new stake in BlackRock MuniYield Quality Fund III during the fourth quarter valued at approximately $43,000. Virtu Financial LLC purchased a new stake in shares of BlackRock MuniYield Quality Fund III during the 4th quarter valued at $185,000. Pathway Financial Advisers LLC bought a new stake in shares of BlackRock MuniYield Quality Fund III during the 4th quarter worth $211,000. Janney Montgomery Scott LLC purchased a new position in BlackRock MuniYield Quality Fund III in the fourth quarter worth $266,000. Finally, Noble Wealth Management PBC bought a new position in BlackRock MuniYield Quality Fund III in the fourth quarter valued at $274,000. 34.01% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock MuniYield Quality Fund III Stock Performance

NYSE:MYI opened at $10.42 on Thursday. The business has a 50 day moving average of $10.94 and a 200 day moving average of $11.20. BlackRock MuniYield Quality Fund III, Inc. has a 1-year low of $9.98 and a 1-year high of $12.07.

BlackRock MuniYield Quality Fund III Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be given a dividend of $0.0555 per share. The ex-dividend date is Tuesday, April 15th. This represents a $0.67 annualized dividend and a yield of 6.39%.

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.