Hennion & Walsh Asset Management Inc. Grows Position in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI)

Hennion & Walsh Asset Management Inc. raised its holdings in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) by 8.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,073,688 shares of the investment management company’s stock after purchasing an additional 86,787 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in BlackRock MuniYield Quality Fund III were worth $11,854,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Larson Financial Group LLC boosted 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 buying an additional 4,285 shares during the period. Icon Wealth Advisors LLC purchased a new stake in shares of BlackRock MuniYield Quality Fund III during the third quarter worth $104,000. Cresta Advisors Ltd. purchased a new stake in shares of BlackRock MuniYield Quality Fund III during the third quarter worth $204,000. US Bancorp DE boosted its holdings in shares of BlackRock MuniYield Quality Fund III by 49.8% in the third quarter. US Bancorp DE now owns 25,183 shares of the investment management company’s stock worth $302,000 after acquiring an additional 8,370 shares during the period. Finally, First Western Trust Bank purchased a new position in shares of BlackRock MuniYield Quality Fund III in the third quarter valued at $471,000. Institutional investors own 34.01% of the company’s stock.

BlackRock MuniYield Quality Fund III Price Performance

Shares of MYI opened at $11.01 on Thursday. BlackRock MuniYield Quality Fund III, Inc. has a 52-week low of $10.83 and a 52-week high of $12.07. The stock’s 50-day simple moving average is $11.25 and its 200 day simple moving average is $11.45.

BlackRock MuniYield Quality Fund III Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be issued a $0.0555 dividend. This represents a $0.67 annualized dividend and a yield of 6.05%. The ex-dividend date is Wednesday, January 15th.

BlackRock MuniYield Quality Fund III Company 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.