Mackay Shields LLC Purchases New Position in BlackRock MuniYield Quality Fund III, Inc. $MYI

Mackay Shields LLC purchased a new stake in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) in the 2nd quarter, HoldingsChannel reports. The firm purchased 88,233 shares of the investment management company’s stock, valued at approximately $926,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wolverine Asset Management LLC purchased a new position in shares of BlackRock MuniYield Quality Fund III in the 1st quarter valued at about $40,000. Geneos Wealth Management Inc. increased its stake in shares of BlackRock MuniYield Quality Fund III by 803.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 5,053 shares of the investment management company’s stock valued at $56,000 after purchasing an additional 4,494 shares in the last quarter. Chung Wu Investment Group LLC purchased a new position in shares of BlackRock MuniYield Quality Fund III in the 2nd quarter valued at about $63,000. Plancorp LLC purchased a new position in shares of BlackRock MuniYield Quality Fund III in the 1st quarter valued at about $110,000. Finally, Choreo LLC purchased a new stake in BlackRock MuniYield Quality Fund III during the 1st quarter worth approximately $118,000. Hedge funds and other institutional investors own 34.01% of the company’s stock.

BlackRock MuniYield Quality Fund III Stock Performance

NYSE:MYI opened at $11.10 on Friday. BlackRock MuniYield Quality Fund III, Inc. has a 12 month low of $9.98 and a 12 month high of $11.91. The stock has a 50 day moving average of $10.75 and a two-hundred day moving average of $10.58.

BlackRock MuniYield Quality Fund III Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Wednesday, October 15th will be paid a dividend of $0.0555 per share. This represents a c) annualized dividend and a yield of 6.0%. The ex-dividend date is Wednesday, October 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.