Rivernorth Capital Management LLC Has $23.03 Million Holdings in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI)

Rivernorth Capital Management LLC trimmed its holdings in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) by 1.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,919,220 shares of the investment management company’s stock after selling 30,340 shares during the quarter. BlackRock MuniYield Quality Fund III accounts for 1.1% of Rivernorth Capital Management LLC’s portfolio, making the stock its 29th largest holding. Rivernorth Capital Management LLC owned approximately 2.82% of BlackRock MuniYield Quality Fund III worth $23,031,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. US Bancorp DE increased its position in shares of BlackRock MuniYield Quality Fund III by 49.8% during the third quarter. US Bancorp DE now owns 25,183 shares of the investment management company’s stock valued at $302,000 after purchasing an additional 8,370 shares during the period. Hennion & Walsh Asset Management Inc. increased its holdings in BlackRock MuniYield Quality Fund III by 11.8% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 986,901 shares of the investment management company’s stock valued at $11,843,000 after buying an additional 104,304 shares during the period. Eastern Bank acquired a new position in shares of BlackRock MuniYield Quality Fund III in the 3rd quarter valued at $1,282,000. Raymond James & Associates lifted its holdings in shares of BlackRock MuniYield Quality Fund III by 8.6% during the 2nd quarter. Raymond James & Associates now owns 427,081 shares of the investment management company’s stock worth $4,775,000 after acquiring an additional 33,849 shares during the period. Finally, Callan Family Office LLC bought a new stake in BlackRock MuniYield Quality Fund III in the second quarter valued at about $154,000. Institutional investors own 34.01% of the company’s stock.

BlackRock MuniYield Quality Fund III Stock Performance

BlackRock MuniYield Quality Fund III stock opened at $11.45 on Friday. The business has a 50 day simple moving average of $11.50 and a 200 day simple moving average of $11.45. BlackRock MuniYield Quality Fund III, Inc. has a one year low of $10.83 and a one year high of $12.07.

BlackRock MuniYield Quality Fund III Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a $0.0555 dividend. This represents a $0.67 annualized dividend and a dividend yield of 5.82%. The ex-dividend date is Monday, December 16th.

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.