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

Hennion & Walsh Asset Management Inc. reduced its holdings in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) by 12.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,127,590 shares of the investment management company’s stock after selling 154,721 shares during the period. BlackRock MuniYield Quality Fund III comprises 0.7% of Hennion & Walsh Asset Management Inc.’s holdings, making the stock its 18th biggest position. Hennion & Walsh Asset Management Inc. owned about 1.66% of BlackRock MuniYield Quality Fund III worth $12,922,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Anchor Investment Management LLC acquired a new stake in BlackRock MuniYield Quality Fund III during the fourth quarter valued at $38,000. AdvisorNet Financial Inc grew its position 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 valued at $40,000 after buying an additional 1,900 shares during the period. American National Bank acquired a new stake in BlackRock MuniYield Quality Fund III during the first quarter valued at $53,000. Future Financial Wealth Managment LLC acquired a new stake in BlackRock MuniYield Quality Fund III during the fourth quarter valued at $116,000. Finally, Relyea Zuckerberg Hanson LLC acquired a new stake in BlackRock MuniYield Quality Fund III during the fourth quarter valued at $148,000. 34.01% of the stock is owned by hedge funds and other institutional investors.

BlackRock MuniYield Quality Fund III Stock Performance

MYI traded up $0.02 during midday trading on Friday, hitting $11.18. 392,654 shares of the company traded hands, compared to its average volume of 200,813. BlackRock MuniYield Quality Fund III, Inc. has a 52-week low of $9.32 and a 52-week high of $11.70. The business has a 50 day simple moving average of $11.07 and a two-hundred day simple moving average of $11.25.

BlackRock MuniYield Quality Fund III Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be issued a dividend of $0.0555 per share. This represents a $0.67 annualized dividend and a yield of 5.96%. The ex-dividend date is Friday, June 14th.

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.