Ackerman Capital Advisors LLC Takes Position in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI)

Ackerman Capital Advisors LLC acquired a new stake in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 46,864 shares of the investment management company’s stock, valued at approximately $517,000.

Several other hedge funds have also added to or reduced their stakes in MYI. Capital Investment Advisors LLC increased its stake in BlackRock MuniYield Quality Fund III by 0.7% during the 4th quarter. Capital Investment Advisors LLC now owns 261,498 shares of the investment management company’s stock worth $2,887,000 after purchasing an additional 1,748 shares in the last quarter. Horizon Kinetics Asset Management LLC increased its position in shares of BlackRock MuniYield Quality Fund III by 5.2% during the third quarter. Horizon Kinetics Asset Management LLC now owns 44,854 shares of the investment management company’s stock worth $538,000 after acquiring an additional 2,200 shares in the last quarter. Larson Financial Group LLC raised its holdings in shares of BlackRock MuniYield Quality Fund III by 238.1% during the third quarter. Larson Financial Group LLC now owns 6,085 shares of the investment management company’s stock worth $73,000 after acquiring an additional 4,285 shares during the period. US Bancorp DE lifted its position in BlackRock MuniYield Quality Fund III by 49.8% in the 3rd quarter. US Bancorp DE now owns 25,183 shares of the investment management company’s stock valued at $302,000 after acquiring an additional 8,370 shares in the last quarter. Finally, Icon Wealth Advisors LLC bought a new position in BlackRock MuniYield Quality Fund III during the 3rd quarter worth about $104,000. Institutional investors and hedge funds own 34.01% of the company’s stock.

BlackRock MuniYield Quality Fund III Price Performance

MYI opened at $11.21 on Wednesday. The business’s 50-day moving average price is $11.09 and its two-hundred day moving average price is $11.41. BlackRock MuniYield Quality Fund III, Inc. has a 1 year low of $10.83 and a 1 year high of $12.07.

BlackRock MuniYield Quality Fund III Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be given a $0.0555 dividend. This represents a $0.67 dividend on an annualized basis and a yield of 5.94%. The ex-dividend date of this dividend is Friday, February 14th.

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.