PNC Financial Services Group Inc. raised its position in shares of BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI – Free Report) by 128.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 192,252 shares of the investment management company’s stock after purchasing an additional 107,926 shares during the period. PNC Financial Services Group Inc.’s holdings in BlackRock MuniYield Quality Fund III were worth $2,021,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of MYI. Hollencrest Capital Management raised its holdings in shares of BlackRock MuniYield Quality Fund III by 102.1% during the first quarter. Hollencrest Capital Management now owns 46,276 shares of the investment management company’s stock valued at $486,000 after buying an additional 23,380 shares during the last quarter. Scarborough Advisors LLC boosted its position in shares of BlackRock MuniYield Quality Fund III by 168.8% during the first quarter. Scarborough Advisors LLC now owns 169,362 shares of the investment management company’s stock worth $1,780,000 after buying an additional 106,362 shares during the period. Aviance Capital Partners LLC bought a new position in BlackRock MuniYield Quality Fund III in the 1st quarter worth approximately $151,000. Allspring Global Investments Holdings LLC grew its holdings in BlackRock MuniYield Quality Fund III by 298.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 537,780 shares of the investment management company’s stock worth $5,652,000 after buying an additional 402,688 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in BlackRock MuniYield Quality Fund III in the 1st quarter valued at approximately $1,021,000. Institutional investors own 34.01% of the company’s stock.
BlackRock MuniYield Quality Fund III Stock Up 0.0%
Shares of BlackRock MuniYield Quality Fund III stock opened at $10.76 on Thursday. The business’s fifty day moving average price is $10.93 and its two-hundred day moving average price is $10.96. BlackRock MuniYield Quality Fund III, Inc. has a 1-year low of $10.22 and a 1-year high of $11.46.
BlackRock MuniYield Quality Fund III Announces Dividend
BlackRock MuniYield Quality Fund III Company Profile
BlackRock MuniYield Quality Fund III (NYSE: MYI) is a closed-end management investment company that seeks to provide investors with a high level of current income exempt from federal income tax. The fund primarily invests in a diversified portfolio of investment-grade municipal securities, including bonds, notes and other debt obligations issued by state and local governments, agencies and authorities across the United States.
In managing its portfolio, the fund generally allocates at least 80% of its total assets to investment-grade municipal debt instruments.
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