Capital Investment Advisors LLC Raises Stock Holdings in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI)


Share on StockTwits

Capital Investment Advisors LLC boosted its holdings in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) by 10.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 92,748 shares of the investment management company’s stock after purchasing an additional 8,620 shares during the period. Capital Investment Advisors LLC owned about 0.14% of BlackRock MuniYield Quality Fund III worth $1,323,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of MYI. Investors Financial Group LLC purchased a new position in BlackRock MuniYield Quality Fund III in the first quarter valued at about $165,000. FNY Investment Advisers LLC acquired a new stake in BlackRock MuniYield Quality Fund III during the fourth quarter valued at approximately $169,000. Creative Planning raised its stake in BlackRock MuniYield Quality Fund III by 24.3% during the fourth quarter. Creative Planning now owns 14,303 shares of the investment management company’s stock valued at $207,000 after buying an additional 2,800 shares in the last quarter. Cetera Investment Advisers acquired a new stake in BlackRock MuniYield Quality Fund III during the fourth quarter valued at approximately $209,000. Finally, Meridian Wealth Management LLC raised its stake in BlackRock MuniYield Quality Fund III by 37.8% during the fourth quarter. Meridian Wealth Management LLC now owns 15,676 shares of the investment management company’s stock valued at $226,000 after buying an additional 4,300 shares in the last quarter. 29.34% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE MYI opened at $14.40 on Tuesday. The stock’s 50 day moving average price is $14.19 and its two-hundred day moving average price is $14.08. BlackRock MuniYield Quality Fund III, Inc. has a 52-week low of $11.95 and a 52-week high of $14.72.

The company also recently disclosed a monthly dividend, which was paid on Monday, May 3rd. Shareholders of record on Thursday, April 15th were paid a dividend of $0.0515 per share. This represents a $0.62 annualized dividend and a yield of 4.29%. The ex-dividend date of this dividend was Wednesday, April 14th.

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.

Read More: Purposes and Functions of the Federal Reserve

Institutional Ownership by Quarter for BlackRock MuniYield Quality Fund III (NYSE:MYI)

Receive News & Ratings for BlackRock MuniYield Quality Fund III Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackRock MuniYield Quality Fund III and related companies with MarketBeat.com's FREE daily email newsletter.