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

Hennion & Walsh Asset Management Inc. trimmed its position in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) by 12.1% during the first quarter, Holdings Channel.com reports. The firm 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 accounts for about 0.7% of Hennion & Walsh Asset Management Inc.’s holdings, making the stock its 18th largest holding. Hennion & Walsh Asset Management Inc.’s holdings in BlackRock MuniYield Quality Fund III were worth $12,922,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MYI. HighTower Advisors LLC purchased a new position in shares of BlackRock MuniYield Quality Fund III during the 3rd quarter worth about $782,000. AQR Arbitrage LLC lifted 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 worth $4,248,000 after acquiring an additional 222,316 shares during the period. Advisors Asset Management Inc. lifted its holdings in shares of BlackRock MuniYield Quality Fund III by 8.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 542,606 shares of the investment management company’s stock worth $5,182,000 after acquiring an additional 40,126 shares during the period. Anchor Investment Management LLC purchased a new position in shares of BlackRock MuniYield Quality Fund III during the 4th quarter worth about $38,000. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings in shares of BlackRock MuniYield Quality Fund III by 13.2% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 196,026 shares of the investment management company’s stock worth $2,282,000 after acquiring an additional 22,849 shares during the period. 34.01% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock MuniYield Quality Fund III Trading Up 0.2 %

Shares of MYI stock traded up $0.02 during trading hours on Friday, hitting $11.18. 392,654 shares of the company were exchanged, compared to its average volume of 200,813. BlackRock MuniYield Quality Fund III, Inc. has a 1 year low of $9.32 and a 1 year high of $11.70. The firm has a fifty day moving average of $11.07 and a 200 day moving average of $11.25.

BlackRock MuniYield Quality Fund III Dividend Announcement

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

BlackRock MuniYield Quality Fund III 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.