PNC Financial Services Group Inc. Has $872,000 Stock Holdings in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI)

PNC Financial Services Group Inc. raised its holdings in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) by 196.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 79,326 shares of the investment management company’s stock after purchasing an additional 52,594 shares during the quarter. PNC Financial Services Group Inc. owned 0.12% of BlackRock MuniYield Quality Fund III worth $872,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. American National Bank & Trust acquired a new stake in shares of BlackRock MuniYield Quality Fund III in the 1st quarter valued at $38,000. Choreo LLC acquired a new stake in shares of BlackRock MuniYield Quality Fund III in the 1st quarter valued at $118,000. Citadel Advisors LLC acquired a new stake in shares of BlackRock MuniYield Quality Fund III in the 4th quarter valued at $131,000. Two Sigma Securities LLC acquired a new stake in shares of BlackRock MuniYield Quality Fund III in the 4th quarter valued at $141,000. Finally, CX Institutional acquired a new stake in shares of BlackRock MuniYield Quality Fund III in the 1st quarter valued at $154,000. Institutional investors and hedge funds own 34.01% of the company’s stock.

BlackRock MuniYield Quality Fund III Stock Down 0.2%

Shares of MYI stock opened at $10.48 on Tuesday. The stock’s fifty day moving average price is $10.42 and its two-hundred day moving average price is $10.68. BlackRock MuniYield Quality Fund III, Inc. has a fifty-two week low of $9.98 and a fifty-two week high of $12.07.

BlackRock MuniYield Quality Fund III Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th will be paid a $0.0555 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date is Friday, August 15th.

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.