BlackRock MuniYield Quality Fund III, Inc. $MYI Shares Sold by Sit Investment Associates Inc.

Sit Investment Associates Inc. decreased its holdings in shares of BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) by 22.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 204,688 shares of the investment management company’s stock after selling 57,778 shares during the quarter. Sit Investment Associates Inc.’s holdings in BlackRock MuniYield Quality Fund III were worth $2,225,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Trust Co. of Vermont purchased a new position in shares of BlackRock MuniYield Quality Fund III in the fourth quarter worth about $25,000. Geneos Wealth Management Inc. grew its stake in BlackRock MuniYield Quality Fund III by 803.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 5,053 shares of the investment management company’s stock valued at $56,000 after acquiring an additional 4,494 shares in the last quarter. Elyxium Wealth LLC purchased a new stake in BlackRock MuniYield Quality Fund III during the 4th quarter valued at about $69,000. Comerica Bank raised its holdings in BlackRock MuniYield Quality Fund III by 22,586.2% in the 4th quarter. Comerica Bank now owns 6,579 shares of the investment management company’s stock valued at $72,000 after acquiring an additional 6,550 shares during the last quarter. Finally, Prestige Wealth Management Group LLC acquired a new stake in BlackRock MuniYield Quality Fund III in the 3rd quarter valued at about $83,000. 34.01% of the stock is currently owned by institutional investors and hedge funds.

BlackRock MuniYield Quality Fund III Trading Down 0.1%

Shares of BlackRock MuniYield Quality Fund III stock opened at $10.97 on Friday. The business’s 50 day moving average price is $10.91 and its 200 day moving average price is $10.95. BlackRock MuniYield Quality Fund III, Inc. has a one year low of $10.20 and a one year high of $11.46.

BlackRock MuniYield Quality Fund III Announces Dividend

The firm also recently disclosed 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. This represents a c) dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date of this dividend is Tuesday, September 15th.

About BlackRock MuniYield Quality Fund III

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.