73,672 Shares in BlackRock MuniYield Quality Fund III, Inc. $MYI Bought by Riverbridge Partners LLC

Riverbridge Partners LLC acquired a new stake in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) during the first quarter, according to its most recent filing with the SEC. The firm acquired 73,672 shares of the investment management company’s stock, valued at approximately $774,000. Riverbridge Partners LLC owned about 0.06% of BlackRock MuniYield Quality Fund III at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of MYI. Trust Co. of Vermont acquired a new stake in shares of BlackRock MuniYield Quality Fund III in the 4th quarter worth $25,000. Geneos Wealth Management Inc. boosted its holdings in shares of BlackRock MuniYield Quality Fund III by 803.9% in the first 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 acquired a new position in shares of BlackRock MuniYield Quality Fund III during the fourth quarter worth about $69,000. Comerica Bank increased its stake in shares of BlackRock MuniYield Quality Fund III by 22,586.2% during the fourth quarter. Comerica Bank now owns 6,579 shares of the investment management company’s stock worth $72,000 after acquiring an additional 6,550 shares during the period. Finally, Prestige Wealth Management Group LLC purchased a new position in BlackRock MuniYield Quality Fund III during the third quarter worth about $83,000. 34.01% of the stock is owned by institutional investors and hedge funds.

BlackRock MuniYield Quality Fund III Stock Performance

Shares of NYSE:MYI opened at $11.01 on Thursday. BlackRock MuniYield Quality Fund III, Inc. has a 52 week low of $10.20 and a 52 week high of $11.46. The company has a 50-day moving average price of $10.90 and a 200 day moving average price of $10.95.

BlackRock MuniYield Quality Fund III Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be issued a $0.0555 dividend. This represents a c) annualized dividend and a dividend yield of 6.1%. The ex-dividend date of this dividend is Tuesday, September 15th.

BlackRock MuniYield Quality Fund III 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.