Rivernorth Capital Management LLC trimmed its stake in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI – Free Report) by 9.4% during the second quarter, Holdings Channel reports. The fund owned 4,760,961 shares of the investment management company’s stock after selling 493,372 shares during the period. BlackRock MuniYield Quality Fund III makes up approximately 2.5% of Rivernorth Capital Management LLC’s portfolio, making the stock its 4th largest position. Rivernorth Capital Management LLC’s holdings in BlackRock MuniYield Quality Fund III were worth $52,894,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. CoreCap Advisors LLC bought a new stake in shares of BlackRock MuniYield Quality Fund III in the 2nd quarter worth approximately $25,000. Geneos Wealth Management Inc. bought a new position in BlackRock MuniYield Quality Fund III during the first quarter valued at $42,000. EverSource Wealth Advisors LLC purchased a new stake in BlackRock MuniYield Quality Fund III in the first quarter worth $44,000. Elyxium Wealth LLC purchased a new stake in BlackRock MuniYield Quality Fund III in the fourth quarter worth $69,000. Finally, Comerica Bank raised its stake in shares of BlackRock MuniYield Quality Fund III by 22,586.2% in the fourth quarter. Comerica Bank now owns 6,579 shares of the investment management company’s stock valued at $72,000 after buying an additional 6,550 shares during the period. Hedge funds and other institutional investors own 34.01% of the company’s stock.
BlackRock MuniYield Quality Fund III Stock Down 0.2%
Shares of NYSE MYI opened at $10.72 on Monday. BlackRock MuniYield Quality Fund III, Inc. has a one year low of $10.37 and a one year high of $11.46. The business’s fifty day moving average price is $10.87 and its 200-day moving average price is $10.91.
BlackRock MuniYield Quality Fund III Dividend Announcement
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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