Eastern Bank Boosts Stock Position in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI)

Eastern Bank lifted its holdings in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) by 22.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 131,231 shares of the investment management company’s stock after purchasing an additional 24,371 shares during the quarter. Eastern Bank owned 0.19% of BlackRock MuniYield Quality Fund III worth $1,449,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of MYI. Stifel Financial Corp lifted its position in BlackRock MuniYield Quality Fund III by 40.0% in the third quarter. Stifel Financial Corp now owns 623,360 shares of the investment management company’s stock worth $7,480,000 after buying an additional 177,997 shares during the last quarter. US Bancorp DE lifted its position in BlackRock MuniYield Quality Fund III by 49.8% in the third quarter. US Bancorp DE now owns 25,183 shares of the investment management company’s stock worth $302,000 after buying an additional 8,370 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in BlackRock MuniYield Quality Fund III by 11.8% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 986,901 shares of the investment management company’s stock worth $11,843,000 after buying an additional 104,304 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in BlackRock MuniYield Quality Fund III in the second quarter worth $502,000. Finally, International Assets Investment Management LLC lifted its position in BlackRock MuniYield Quality Fund III by 1,108.2% in the third quarter. International Assets Investment Management LLC now owns 44,872 shares of the investment management company’s stock worth $5,380,000 after buying an additional 41,158 shares during the last quarter. 34.01% of the stock is owned by hedge funds and other institutional investors.

BlackRock MuniYield Quality Fund III Stock Performance

Shares of MYI opened at $10.86 on Tuesday. The business has a fifty day moving average of $11.25 and a 200 day moving average of $11.45. BlackRock MuniYield Quality Fund III, Inc. has a 52-week low of $10.83 and a 52-week high of $12.07.

BlackRock MuniYield Quality Fund III Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Wednesday, January 15th will be given a $0.0555 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $0.67 dividend on an annualized basis and a yield of 6.13%.

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.