Rareview Capital LLC Sells 76,034 Shares of BlackRock MuniYield Quality Fund III, Inc. $MYI

Rareview Capital LLC lessened its stake in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) by 16.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 385,009 shares of the investment management company’s stock after selling 76,034 shares during the period. BlackRock MuniYield Quality Fund III comprises about 2.0% of Rareview Capital LLC’s holdings, making the stock its 12th largest holding. Rareview Capital LLC owned approximately 0.31% of BlackRock MuniYield Quality Fund III worth $4,039,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Rivernorth Capital Management LLC increased 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 purchased a new position in shares of BlackRock MuniYield Quality Fund III in the second quarter worth $16,031,000. Fiera Capital Corp purchased a new position in shares of BlackRock MuniYield Quality Fund III in the fourth quarter worth $4,652,000. Allspring Global Investments Holdings LLC grew its holdings in BlackRock MuniYield Quality Fund III by 298.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 537,780 shares of the investment management company’s stock worth $5,652,000 after acquiring an additional 402,688 shares during the last quarter. Finally, Focused Wealth Management Inc purchased a new stake in shares of BlackRock MuniYield Quality Fund III during the second quarter worth about $1,886,000. 34.01% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock MuniYield Quality Fund III Price Performance

NYSE MYI opened at $10.49 on Friday. BlackRock MuniYield Quality Fund III, Inc. has a 1 year low of $10.37 and a 1 year high of $11.46. The business’s 50-day moving average is $10.83 and its 200 day moving average is $10.89.

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.