Pathstone Holdings LLC Sells 53,426 Shares of BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI)

Pathstone Holdings LLC cut its stake in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) by 6.3% in the 3rd quarter, Holdings Channel reports. The fund owned 794,610 shares of the investment management company’s stock after selling 53,426 shares during the quarter. Pathstone Holdings LLC’s holdings in BlackRock MuniYield Quality Fund III were worth $9,535,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new position in shares of BlackRock MuniYield Quality Fund III during the 2nd quarter valued at $42,000. Wolverine Asset Management LLC purchased a new stake in BlackRock MuniYield Quality Fund III during the second quarter valued at about $80,000. Callan Family Office LLC bought a new position in shares of BlackRock MuniYield Quality Fund III during the second quarter valued at about $154,000. All Season Financial Advisors Inc. purchased a new position in shares of BlackRock MuniYield Quality Fund III in the second quarter worth about $156,000. Finally, Cetera Advisors LLC purchased a new stake in BlackRock MuniYield Quality Fund III during the 1st quarter valued at about $191,000. Institutional investors own 34.01% of the company’s stock.

BlackRock MuniYield Quality Fund III Stock Performance

MYI opened at $11.30 on Friday. BlackRock MuniYield Quality Fund III, Inc. has a 1 year low of $10.68 and a 1 year high of $12.07. The stock’s 50 day simple moving average is $11.64 and its 200 day simple moving average is $11.42.

BlackRock MuniYield Quality Fund III Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be paid a $0.0555 dividend. This represents a $0.67 annualized dividend and a dividend yield of 5.89%. The ex-dividend date of this dividend is Friday, November 15th.

BlackRock MuniYield Quality Fund III Profile

BlackRock MuniYield Quality Fund III, Inc is a closed ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It invests primarily in a portfolio of long-term investment-grade municipal obligations exempt from federal income taxes.