Coastal Bridge Advisors LLC Boosts Stock Holdings in BlackRock MuniYield Quality Fund III, Inc. $MYI

Coastal Bridge Advisors LLC lifted its position in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) by 48.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 172,602 shares of the investment management company’s stock after acquiring an additional 56,318 shares during the quarter. Coastal Bridge Advisors LLC’s holdings in BlackRock MuniYield Quality Fund III were worth $1,912,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Hennion & Walsh Asset Management Inc. increased its holdings in BlackRock MuniYield Quality Fund III by 22.9% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 1,541,283 shares of the investment management company’s stock valued at $17,077,000 after buying an additional 287,568 shares in the last quarter. Rockefeller Capital Management L.P. grew its position in shares of BlackRock MuniYield Quality Fund III by 376.3% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 236,192 shares of the investment management company’s stock valued at $2,478,000 after acquiring an additional 186,602 shares during the period. Mackay Shields LLC purchased a new position in shares of BlackRock MuniYield Quality Fund III in the 2nd quarter valued at about $926,000. Horizon Kinetics Asset Management LLC raised its holdings in BlackRock MuniYield Quality Fund III by 132.5% in the 2nd quarter. Horizon Kinetics Asset Management LLC now owns 104,299 shares of the investment management company’s stock worth $1,094,000 after purchasing an additional 59,445 shares during the period. Finally, Advisors Asset Management Inc. boosted its position in BlackRock MuniYield Quality Fund III by 10.3% during the second quarter. Advisors Asset Management Inc. now owns 390,021 shares of the investment management company’s stock worth $4,091,000 after purchasing an additional 36,349 shares in the last quarter. 34.01% of the stock is owned by hedge funds and other institutional investors.

BlackRock MuniYield Quality Fund III Price Performance

Shares of MYI opened at $11.13 on Friday. BlackRock MuniYield Quality Fund III, Inc. has a 12 month low of $9.98 and a 12 month high of $11.46. The stock’s 50 day moving average is $10.95 and its two-hundred day moving average is $10.83.

BlackRock MuniYield Quality Fund III Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 13th will be paid a $0.0555 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a c) dividend on an annualized basis and a yield of 6.0%.

BlackRock MuniYield Quality Fund III Company Profile

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.