Horizon Kinetics Asset Management LLC Raises Holdings in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI)

Horizon Kinetics Asset Management LLC lifted its holdings in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) by 5.2% in the 3rd quarter, Holdings Channel reports. The firm owned 44,854 shares of the investment management company’s stock after acquiring an additional 2,200 shares during the period. Horizon Kinetics Asset Management LLC’s holdings in BlackRock MuniYield Quality Fund III were worth $538,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of MYI. International Assets Investment Management LLC bought a new stake in BlackRock MuniYield Quality Fund III in the 2nd quarter worth about $42,000. Larson Financial Group LLC grew its stake in shares of BlackRock MuniYield Quality Fund III by 238.1% in 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. Wolverine Asset Management LLC purchased a new position in shares of BlackRock MuniYield Quality Fund III during the second quarter valued at approximately $80,000. Callan Family Office LLC purchased a new stake in BlackRock MuniYield Quality Fund III in the second quarter worth approximately $154,000. Finally, All Season Financial Advisors Inc. purchased a new stake in BlackRock MuniYield Quality Fund III during the 2nd quarter valued at $156,000. Hedge funds and other institutional investors own 34.01% of the company’s stock.

BlackRock MuniYield Quality Fund III Price Performance

NYSE MYI opened at $11.34 on Tuesday. BlackRock MuniYield Quality Fund III, Inc. has a 1-year low of $10.68 and a 1-year high of $12.07. The business’s fifty day moving average price is $11.62 and its 200-day moving average price is $11.42.

BlackRock MuniYield Quality Fund III Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be issued a $0.0555 dividend. This represents a $0.67 dividend on an annualized basis and a yield of 5.87%. The ex-dividend date of this dividend is Friday, November 15th.

About BlackRock MuniYield Quality Fund III

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.