BlackRock MuniYield Quality Fund III, Inc. $MYI Shares Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. grew its stake in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) by 19.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 986,932 shares of the investment management company’s stock after acquiring an additional 162,048 shares during the quarter. Raymond James Financial Inc. owned about 1.45% of BlackRock MuniYield Quality Fund III worth $10,846,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Invesco Ltd. increased its stake in shares of BlackRock MuniYield Quality Fund III by 2.0% in the 1st quarter. Invesco Ltd. now owns 187,709 shares of the investment management company’s stock worth $2,063,000 after acquiring an additional 3,659 shares during the last quarter. Wolverine Asset Management LLC acquired a new position in BlackRock MuniYield Quality Fund III in the 1st quarter valued at about $40,000. Cresta Advisors Ltd. boosted its stake in shares of BlackRock MuniYield Quality Fund III by 58.8% in the 1st quarter. Cresta Advisors Ltd. now owns 27,000 shares of the investment management company’s stock valued at $297,000 after buying an additional 10,000 shares during the period. Ackerman Capital Advisors LLC boosted its stake in shares of BlackRock MuniYield Quality Fund III by 27.0% in the 1st quarter. Ackerman Capital Advisors LLC now owns 59,518 shares of the investment management company’s stock valued at $654,000 after buying an additional 12,654 shares during the period. Finally, PNC Financial Services Group Inc. raised its position in shares of 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 in the last quarter. 34.01% of the stock is owned by institutional investors and hedge funds.

BlackRock MuniYield Quality Fund III Price Performance

Shares of NYSE MYI opened at $10.59 on Friday. 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 stock’s 50-day simple moving average is $10.44 and its 200-day simple moving average is $10.61.

BlackRock MuniYield Quality Fund III Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, September 2nd. Investors 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.

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.