First Western Trust Bank Invests $471,000 in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI)

First Western Trust Bank bought a new stake in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 39,221 shares of the investment management company’s stock, valued at approximately $471,000. First Western Trust Bank owned approximately 0.06% of BlackRock MuniYield Quality Fund III at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Eastern Bank bought a new stake in shares of BlackRock MuniYield Quality Fund III during the third quarter valued at approximately $1,282,000. Hennion & Walsh Asset Management Inc. increased its stake in BlackRock MuniYield Quality Fund III by 11.8% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 986,901 shares of the investment management company’s stock valued at $11,843,000 after purchasing an additional 104,304 shares in the last quarter. Van ECK Associates Corp lifted its stake in shares of BlackRock MuniYield Quality Fund III by 17.9% in the second quarter. Van ECK Associates Corp now owns 492,047 shares of the investment management company’s stock valued at $5,501,000 after buying an additional 74,557 shares in the last quarter. Sanctuary Advisors LLC bought a new position in shares of BlackRock MuniYield Quality Fund III in the second quarter valued at $502,000. Finally, International Assets Investment Management LLC grew its holdings in shares of BlackRock MuniYield Quality Fund III by 1,108.2% during the third quarter. International Assets Investment Management LLC now owns 44,872 shares of the investment management company’s stock valued at $5,380,000 after buying an additional 41,158 shares during the last quarter. 34.01% of the stock is owned by institutional investors and hedge funds.

BlackRock MuniYield Quality Fund III Stock Performance

MYI opened at $11.31 on Monday. BlackRock MuniYield Quality Fund III, Inc. has a fifty-two week low of $10.36 and a fifty-two week high of $12.07. The company’s 50-day moving average is $11.68 and its 200 day moving average is $11.41.

BlackRock MuniYield Quality Fund III Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be issued a $0.0555 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.67 dividend on an annualized basis and a dividend yield of 5.89%.

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.