PNC Financial Services Group Inc. Boosts Stock Position in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI)

Posted by Defense World Staff on May 30th, 2023

PNC Financial Services Group Inc. boosted its holdings in shares of BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI – Get Rating) by 305.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 131,720 shares of the investment management company’s stock after purchasing an additional 99,243 shares during the quarter. PNC Financial Services Group Inc.’s holdings in BlackRock MuniYield Quality Fund III were worth $1,477,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in MYI. Melfa Wealth Management LLC bought a new stake in shares of BlackRock MuniYield Quality Fund III in the 4th quarter valued at approximately $2,511,000. Allianz Asset Management GmbH bought a new stake in shares of BlackRock MuniYield Quality Fund III in the 1st quarter valued at approximately $2,492,000. Hennion & Walsh Asset Management Inc. boosted its position in BlackRock MuniYield Quality Fund III by 14.0% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 1,170,976 shares of the investment management company’s stock valued at $13,127,000 after purchasing an additional 144,112 shares during the period. Guggenheim Capital LLC boosted its position in BlackRock MuniYield Quality Fund III by 27.7% during the 3rd quarter. Guggenheim Capital LLC now owns 558,273 shares of the investment management company’s stock valued at $5,823,000 after purchasing an additional 121,053 shares during the period. Finally, Robinson Capital Management LLC acquired a new position in BlackRock MuniYield Quality Fund III during the 3rd quarter valued at approximately $1,063,000.

BlackRock MuniYield Quality Fund III Stock Performance

NYSE:MYI opened at $10.65 on Tuesday. BlackRock MuniYield Quality Fund III, Inc. has a 12-month low of $9.96 and a 12-month high of $12.41. The business has a 50 day simple moving average of $11.02 and a 200 day simple moving average of $11.06.

BlackRock MuniYield Quality Fund III Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, June 1st. Investors of record on Monday, May 15th will be given a dividend of $0.0405 per share. The ex-dividend date of this dividend is Friday, May 12th. This represents a $0.49 dividend on an annualized basis and a yield of 4.56%.

BlackRock MuniYield Quality Fund III Company Profile

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BlackRock MuniYield Quality Fund III, Inc operates as a closed-end investment fund. It intends to provide shareholders with current income exempt from federal income taxes as is consistent with its investment policies and prudent investment management. The company was founded on April 13, 1992 and is headquartered in Wilmington, DE.