BlackRock MuniYield Quality Fund III, Inc. $MYI Shares Acquired by Rivernorth Capital Management LLC

Rivernorth Capital Management LLC boosted its position in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) by 200.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,254,333 shares of the investment management company’s stock after buying an additional 3,502,884 shares during the quarter. BlackRock MuniYield Quality Fund III makes up about 2.8% of Rivernorth Capital Management LLC’s investment portfolio, making the stock its 3rd biggest holding. Rivernorth Capital Management LLC’s holdings in BlackRock MuniYield Quality Fund III were worth $55,223,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC grew its position in shares of BlackRock MuniYield Quality Fund III by 8.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 15,167 shares of the investment management company’s stock worth $165,000 after acquiring an additional 1,155 shares in the last quarter. Coastal Bridge Advisors LLC raised its position in shares of BlackRock MuniYield Quality Fund III by 0.8% during the 4th quarter. Coastal Bridge Advisors LLC now owns 173,968 shares of the investment management company’s stock valued at $1,891,000 after acquiring an additional 1,366 shares in the last quarter. Rockefeller Capital Management L.P. lifted its stake in BlackRock MuniYield Quality Fund III by 0.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 249,293 shares of the investment management company’s stock worth $2,710,000 after purchasing an additional 2,055 shares during the last quarter. Kim LLC boosted its holdings in BlackRock MuniYield Quality Fund III by 1.1% in the second quarter. Kim LLC now owns 203,124 shares of the investment management company’s stock worth $2,131,000 after purchasing an additional 2,117 shares during the period. Finally, Pathway Financial Advisers LLC boosted its holdings in BlackRock MuniYield Quality Fund III by 11.6% in the fourth quarter. Pathway Financial Advisers LLC now owns 20,870 shares of the investment management company’s stock worth $227,000 after purchasing an additional 2,172 shares during the period. Institutional investors own 34.01% of the company’s stock.

BlackRock MuniYield Quality Fund III Trading Up 0.2%

MYI stock opened at $10.74 on Wednesday. BlackRock MuniYield Quality Fund III, Inc. has a 1-year low of $10.22 and a 1-year high of $11.46. The firm has a fifty day moving average price of $10.93 and a two-hundred day moving average price of $10.96.

BlackRock MuniYield Quality Fund III Dividend Announcement

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 6.2%. 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.