Equitable Holdings Inc. Invests $489,000 in BlackRock MuniYield Quality Fund III, Inc. $MYI

Equitable Holdings Inc. acquired a new position in shares of BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 48,201 shares of the investment management company’s stock, valued at approximately $489,000.

Other institutional investors have also added to or reduced their stakes in the company. Rivernorth Capital Management LLC boosted its stake in BlackRock MuniYield Quality Fund III by 200.0% in the 1st quarter. Rivernorth Capital Management LLC now owns 5,254,333 shares of the investment management company’s stock worth $55,223,000 after purchasing an additional 3,502,884 shares during the period. Bank of America Corp DE acquired a new stake in shares of BlackRock MuniYield Quality Fund III in the 2nd quarter valued at about $16,031,000. Fiera Capital Corp bought a new stake in shares of BlackRock MuniYield Quality Fund III in the fourth quarter valued at about $4,652,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of BlackRock MuniYield Quality Fund III by 298.1% in the first quarter. Allspring Global Investments Holdings LLC now owns 537,780 shares of the investment management company’s stock valued at $5,652,000 after purchasing an additional 402,688 shares in the last quarter. Finally, Focused Wealth Management Inc acquired a new position in shares of BlackRock MuniYield Quality Fund III during the second quarter worth about $1,886,000. 34.01% of the stock is owned by institutional investors.

BlackRock MuniYield Quality Fund III Trading Down 0.2%

NYSE:MYI opened at $10.72 on Monday. BlackRock MuniYield Quality Fund III, Inc. has a 52-week low of $10.37 and a 52-week high of $11.46. The stock has a 50-day simple moving average of $10.87 and a 200 day simple moving average of $10.91.

BlackRock MuniYield Quality Fund III Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Shareholders 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) dividend on an annualized basis and a yield of 6.2%.

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.