Crescent Grove Advisors LLC Lowers Stock Position in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI)

Crescent Grove Advisors LLC cut its holdings in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) by 4.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 75,479 shares of the investment management company’s stock after selling 3,735 shares during the quarter. Crescent Grove Advisors LLC owned approximately 0.11% of BlackRock MuniYield Quality Fund III worth $910,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MYI. Commonwealth Equity Services LLC boosted its stake in BlackRock MuniYield Quality Fund III by 129.4% during the first quarter. Commonwealth Equity Services LLC now owns 56,698 shares of the investment management company’s stock worth $650,000 after acquiring an additional 31,983 shares in the last quarter. City of London Investment Management Co. Ltd. grew its stake in shares of BlackRock MuniYield Quality Fund III by 81.2% in the 1st quarter. City of London Investment Management Co. Ltd. now owns 362,844 shares of the investment management company’s stock worth $4,158,000 after buying an additional 162,646 shares during the last quarter. Cetera Advisors LLC bought a new position in BlackRock MuniYield Quality Fund III during the 1st quarter valued at approximately $191,000. Pathway Financial Advisers LLC purchased a new position in BlackRock MuniYield Quality Fund III during the first quarter valued at $229,000. Finally, Cambridge Trust Co. raised its stake in BlackRock MuniYield Quality Fund III by 24.0% during the first quarter. Cambridge Trust Co. now owns 57,010 shares of the investment management company’s stock valued at $653,000 after buying an additional 11,050 shares during the last quarter. 34.01% of the stock is owned by hedge funds and other institutional investors.

BlackRock MuniYield Quality Fund III Stock Performance

Shares of NYSE:MYI opened at $11.27 on Wednesday. The business has a fifty day moving average price of $11.72 and a 200-day moving average price of $11.39. 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 Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be paid a dividend of $0.0555 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.67 dividend on an annualized basis and a yield of 5.91%.

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.