66,879 Shares in BlackRock MuniYield Quality Fund III, Inc. $MYI Acquired by Lido Advisors LLC

Lido Advisors LLC acquired a new stake in shares of BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) in the first quarter, HoldingsChannel reports. The institutional investor acquired 66,879 shares of the investment management company’s stock, valued at approximately $707,000.

A number of other institutional investors have also recently modified their holdings of the stock. Fiera Capital Corp bought a new position in shares of BlackRock MuniYield Quality Fund III during the fourth quarter valued at $4,652,000. Allspring Global Investments Holdings LLC boosted its stake in BlackRock MuniYield Quality Fund III by 298.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 537,780 shares of the investment management company’s stock worth $5,652,000 after purchasing an additional 402,688 shares in the last quarter. Balyasny Asset Management L.P. purchased a new stake in BlackRock MuniYield Quality Fund III during the 4th quarter valued at about $1,523,000. PNC Financial Services Group Inc. grew its position in BlackRock MuniYield Quality Fund III by 128.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 192,252 shares of the investment management company’s stock valued at $2,021,000 after purchasing an additional 107,926 shares during the last quarter. Finally, Scarborough Advisors LLC increased its stake in BlackRock MuniYield Quality Fund III by 168.8% during the 1st quarter. Scarborough Advisors LLC now owns 169,362 shares of the investment management company’s stock valued at $1,780,000 after purchasing an additional 106,362 shares in the last quarter. 34.01% of the stock is owned by hedge funds and other institutional investors.

BlackRock MuniYield Quality Fund III Stock Performance

NYSE:MYI opened at $10.76 on Thursday. BlackRock MuniYield Quality Fund III, Inc. has a fifty-two week low of $10.22 and a fifty-two week high of $11.46. The firm has a 50-day simple moving average of $10.93 and a two-hundred day simple moving average of $10.96.

BlackRock MuniYield Quality Fund III Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be given a dividend of $0.0555 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 6.2%.

BlackRock MuniYield Quality Fund III Company Profile

BlackRock MuniYield Quality Fund III (NYSE: MYI) is a closed-end management investment company that seeks to provide investors with a high level of current income exempt from federal income tax. The fund primarily invests in a diversified portfolio of investment-grade municipal securities, including bonds, notes and other debt obligations issued by state and local governments, agencies and authorities across the United States.

In managing its portfolio, the fund generally allocates at least 80% of its total assets to investment-grade municipal debt instruments.