BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) Position Increased by Ackerman Capital Advisors LLC

Ackerman Capital Advisors LLC increased its position in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) by 27.0% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 59,518 shares of the investment management company’s stock after purchasing an additional 12,654 shares during the period. Ackerman Capital Advisors LLC owned about 0.09% of BlackRock MuniYield Quality Fund III worth $654,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MYI. LPL Financial LLC boosted its stake in BlackRock MuniYield Quality Fund III by 14.3% in the 4th quarter. LPL Financial LLC now owns 147,041 shares of the investment management company’s stock worth $1,623,000 after purchasing an additional 18,349 shares during the period. Landscape Capital Management L.L.C. acquired a new position in BlackRock MuniYield Quality Fund III in the 4th quarter worth approximately $435,000. Sit Investment Associates Inc. boosted its stake in BlackRock MuniYield Quality Fund III by 21.4% in the 4th quarter. Sit Investment Associates Inc. now owns 316,454 shares of the investment management company’s stock worth $3,494,000 after purchasing an additional 55,701 shares during the period. Envestnet Asset Management Inc. boosted its stake in BlackRock MuniYield Quality Fund III by 35.5% in the 4th quarter. Envestnet Asset Management Inc. now owns 15,676 shares of the investment management company’s stock worth $173,000 after purchasing an additional 4,107 shares during the period. Finally, Invesco Ltd. boosted its stake in BlackRock MuniYield Quality Fund III by 12.3% in the 4th quarter. Invesco Ltd. now owns 184,050 shares of the investment management company’s stock worth $2,032,000 after purchasing an additional 20,169 shares during the period. Institutional investors and hedge funds own 34.01% of the company’s stock.

BlackRock MuniYield Quality Fund III Stock Up 0.0%

BlackRock MuniYield Quality Fund III stock opened at $10.39 on Monday. The company has a 50 day moving average price of $10.41 and a 200 day moving average price of $10.70. BlackRock MuniYield Quality Fund III, Inc. has a 52 week low of $9.98 and a 52 week high of $12.07.

BlackRock MuniYield Quality Fund III Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, August 1st. Investors of record on Tuesday, July 15th were paid a $0.0555 dividend. The ex-dividend date of this dividend was Tuesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 6.4%.

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.