Pathway Financial Advisers LLC Takes Position in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI)

Pathway Financial Advisers LLC acquired a new stake in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 20,012 shares of the investment management company’s stock, valued at approximately $229,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. AdvisorNet Financial Inc lifted its stake in BlackRock MuniYield Quality Fund III by 123.6% during the fourth quarter. AdvisorNet Financial Inc now owns 3,437 shares of the investment management company’s stock worth $40,000 after purchasing an additional 1,900 shares during the last quarter. American National Bank acquired a new position in BlackRock MuniYield Quality Fund III during the first quarter worth approximately $53,000. Alesco Advisors LLC acquired a new position in BlackRock MuniYield Quality Fund III during the fourth quarter worth approximately $166,000. Fisher Asset Management LLC acquired a new position in BlackRock MuniYield Quality Fund III during the fourth quarter worth approximately $191,000. Finally, Cetera Advisors LLC acquired a new position in BlackRock MuniYield Quality Fund III during the first quarter worth approximately $191,000. Hedge funds and other institutional investors own 34.01% of the company’s stock.

BlackRock MuniYield Quality Fund III Trading Up 0.6 %

MYI traded up $0.07 during trading on Friday, hitting $11.56. 245,456 shares of the stock were exchanged, compared to its average volume of 216,341. BlackRock MuniYield Quality Fund III, Inc. has a 1-year low of $9.32 and a 1-year high of $11.70. The stock has a fifty day moving average price of $11.19 and a two-hundred day moving average price of $11.23.

BlackRock MuniYield Quality Fund III Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Thursday, August 1st. Stockholders of record on Monday, July 15th were issued a $0.0555 dividend. This represents a $0.67 dividend on an annualized basis and a dividend yield of 5.76%. The ex-dividend date was Monday, July 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.