BlackRock MuniYield Quality Fund III, Inc. $MYI Shares Acquired by Coastal Bridge Advisors LLC

Coastal Bridge Advisors LLC lifted its stake in shares of BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) by 48.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 172,602 shares of the investment management company’s stock after buying an additional 56,318 shares during the period. Coastal Bridge Advisors LLC owned approximately 0.26% of BlackRock MuniYield Quality Fund III worth $1,912,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. TrueMark Investments LLC acquired a new position in shares of BlackRock MuniYield Quality Fund III in the 3rd quarter valued at $194,000. Hennion & Walsh Asset Management Inc. increased its holdings in shares of 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 purchasing an additional 287,568 shares during the period. Daner Wealth Management LLC purchased a new position in shares of BlackRock MuniYield Quality Fund III in the third quarter worth about $225,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of BlackRock MuniYield Quality Fund III by 30.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 135,092 shares of the investment management company’s stock worth $1,497,000 after purchasing an additional 31,488 shares during the period. Finally, Plancorp LLC purchased a new stake in BlackRock MuniYield Quality Fund III in the third quarter valued at approximately $222,000. 34.01% of the stock is owned by hedge funds and other institutional investors.

BlackRock MuniYield Quality Fund III Trading Up 0.1%

Shares of NYSE:MYI opened at $11.13 on Friday. BlackRock MuniYield Quality Fund III, Inc. has a twelve month low of $9.98 and a twelve month high of $11.46. The company’s 50 day moving average is $10.95 and its 200 day moving average is $10.83.

BlackRock MuniYield Quality Fund III Announces Dividend

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

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.