Summit Trail Advisors LLC Buys Shares of 27,500 BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI)

Summit Trail Advisors LLC purchased a new position in shares of BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 27,500 shares of the investment management company’s stock, valued at approximately $320,000.

A number of other institutional investors also recently modified their holdings of MYI. Advisor Partners II LLC bought a new position in BlackRock MuniYield Quality Fund III in the third quarter valued at about $3,978,000. Bramshill Investments LLC boosted its stake in shares of BlackRock MuniYield Quality Fund III by 9.9% in the 3rd quarter. Bramshill Investments LLC now owns 3,071,403 shares of the investment management company’s stock valued at $29,332,000 after purchasing an additional 276,145 shares in the last quarter. AQR Arbitrage LLC grew its holdings in shares of BlackRock MuniYield Quality Fund III by 99.9% during the 3rd quarter. AQR Arbitrage LLC now owns 444,830 shares of the investment management company’s stock valued at $4,248,000 after purchasing an additional 222,316 shares during the last quarter. HighTower Advisors LLC acquired a new position in BlackRock MuniYield Quality Fund III during the 3rd quarter worth approximately $782,000. Finally, Robinson Capital Management LLC lifted its stake in BlackRock MuniYield Quality Fund III by 56.7% in the 3rd quarter. Robinson Capital Management LLC now owns 215,827 shares of the investment management company’s stock valued at $2,065,000 after purchasing an additional 78,100 shares during the last quarter. Institutional investors and hedge funds own 34.01% of the company’s stock.

BlackRock MuniYield Quality Fund III Stock Performance

Shares of BlackRock MuniYield Quality Fund III stock opened at $11.19 on Wednesday. The company’s 50 day moving average price is $11.25 and its two-hundred day moving average price is $11.07. BlackRock MuniYield Quality Fund III, Inc. has a fifty-two week low of $9.32 and a fifty-two week high of $11.70.

BlackRock MuniYield Quality Fund III Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 15th will be issued a dividend of $0.0555 per share. This represents a $0.67 annualized dividend and a dividend yield of 5.95%. The ex-dividend date is Tuesday, May 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.