HighTower Advisors LLC Sells 29,463 Shares of BlackRock MuniYield Quality Fund III, Inc. $MYI

HighTower Advisors LLC cut its stake in shares of BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) by 19.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 122,176 shares of the investment management company’s stock after selling 29,463 shares during the quarter. HighTower Advisors LLC owned 0.18% of BlackRock MuniYield Quality Fund III worth $1,343,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in MYI. Pathstone Holdings LLC grew its holdings in shares of BlackRock MuniYield Quality Fund III by 25.3% during the 4th quarter. Pathstone Holdings LLC now owns 995,957 shares of the investment management company’s stock valued at $11,046,000 after purchasing an additional 201,347 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in BlackRock MuniYield Quality Fund III by 196.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 79,326 shares of the investment management company’s stock worth $872,000 after acquiring an additional 52,594 shares during the last quarter. Bard Financial Services Inc. grew its holdings in BlackRock MuniYield Quality Fund III by 283.3% during the 1st quarter. Bard Financial Services Inc. now owns 57,500 shares of the investment management company’s stock worth $632,000 after acquiring an additional 42,500 shares during the last quarter. Nomura Holdings Inc. bought a new stake in BlackRock MuniYield Quality Fund III during the 4th quarter worth approximately $423,000. Finally, Concurrent Investment Advisors LLC grew its holdings in BlackRock MuniYield Quality Fund III by 213.2% during the 1st quarter. Concurrent Investment Advisors LLC now owns 33,345 shares of the investment management company’s stock worth $366,000 after acquiring an additional 22,699 shares during the last quarter. 34.01% of the stock is owned by institutional investors.

BlackRock MuniYield Quality Fund III Price Performance

MYI opened at $10.5150 on Tuesday. BlackRock MuniYield Quality Fund III, Inc. has a fifty-two week low of $9.98 and a fifty-two week high of $12.07. The company’s 50 day moving average price is $10.43 and its two-hundred day moving average price is $10.63.

BlackRock MuniYield Quality Fund III Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th will be issued a dividend of $0.0555 per share. This represents a c) dividend on an annualized basis and a yield of 6.3%. The ex-dividend date of this dividend is Friday, August 15th.

About BlackRock MuniYield Quality Fund III

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.