PNC Financial Services Group Inc. continued to hold its stake in BR-MUNIYLD INSD (NYSE:MYI) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 49,516 shares of the investment management company’s stock at the close of the second quarter. PNC Financial Services Group Inc. owned about 0.07% of BR-MUNIYLD INSD worth $709,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently made changes to their positions in MYI. First Trust Advisors LP lifted its stake in shares of BR-MUNIYLD INSD by 24.8% in the 2nd quarter. First Trust Advisors LP now owns 101,697 shares of the investment management company’s stock valued at $1,453,000 after acquiring an additional 20,240 shares during the last quarter. Pinnacle Financial Partners Inc. bought a new position in shares of BR-MUNIYLD INSD in the 2nd quarter valued at $146,000. Conning Inc. lifted its stake in shares of BR-MUNIYLD INSD by 1.4% in the 2nd quarter. Conning Inc. now owns 12,972 shares of the investment management company’s stock valued at $185,000 after acquiring an additional 183 shares during the last quarter. Fiduciary Financial Services of The Southwest Inc. TX bought a new position in shares of BR-MUNIYLD INSD in the 2nd quarter valued at $146,000. Finally, FCA Corp TX lifted its stake in shares of BR-MUNIYLD INSD by 1.9% in the 2nd quarter. FCA Corp TX now owns 80,022 shares of the investment management company’s stock valued at $1,144,000 after acquiring an additional 1,480 shares during the last quarter. Institutional investors own 8.88% of the company’s stock.
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The business also recently disclosed a monthly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Monday, October 16th will be issued a dividend of $0.068 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 5.69%. The ex-dividend date of this dividend is Friday, October 13th.
BR-MUNIYLD INSD Profile
BlackRock MuniYield Quality Fund III, Inc is a closed-end management investment company. The Fund’s investment objective is to provide shareholders with as high a level of current income exempt from federal income taxes as is consistent with its investment policies and prudent investment management. The Fund seeks to achieve its investment objective by investing approximately 80% of its assets in municipal obligations exempt from federal income taxes (except that the interest may be subject to the federal alternative minimum tax).
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