Cambridge Trust Co. Buys Shares of 25,000 BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI)

Cambridge Trust Co. purchased a new position in shares of BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI – Get Rating) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 25,000 shares of the investment management company’s stock, valued at approximately $280,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Capital Investment Advisors LLC boosted its holdings in BlackRock MuniYield Quality Fund III by 42.7% during the fourth quarter. Capital Investment Advisors LLC now owns 281,576 shares of the investment management company’s stock worth $3,156,000 after purchasing an additional 84,241 shares during the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in shares of BlackRock MuniYield Quality Fund III during the 3rd quarter worth about $140,000. Drive Wealth Management LLC bought a new position in shares of BlackRock MuniYield Quality Fund III in the 3rd quarter valued at about $290,000. Financial Advocates Investment Management acquired a new stake in shares of BlackRock MuniYield Quality Fund III in the third quarter valued at about $219,000. Finally, Royal Bank of Canada raised its holdings in BlackRock MuniYield Quality Fund III by 26.4% during the third quarter. Royal Bank of Canada now owns 159,606 shares of the investment management company’s stock worth $1,665,000 after acquiring an additional 33,358 shares in the last quarter.

BlackRock MuniYield Quality Fund III Price Performance

Shares of NYSE MYI opened at $11.01 on Friday. The stock has a 50 day moving average price of $11.20 and a 200 day moving average price of $10.91. BlackRock MuniYield Quality Fund III, Inc. has a 52 week low of $9.96 and a 52 week high of $12.91.

BlackRock MuniYield Quality Fund III Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, April 3rd. Stockholders of record on Wednesday, March 15th will be issued a $0.0405 dividend. This represents a $0.49 annualized dividend and a dividend yield of 4.41%. The ex-dividend date of this dividend is Tuesday, March 14th.

BlackRock MuniYield Quality Fund III Profile

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BlackRock MuniYield Quality Fund III, Inc operates as a closed-end investment fund. It intends to provide shareholders with current income exempt from federal income taxes as is consistent with its investment policies and prudent investment management. The company was founded on April 13, 1992 and is headquartered in Wilmington, DE.