Cambridge Trust Co. Has $535,000 Position in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI)

Cambridge Trust Co. boosted its stake in shares of BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) by 23.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 45,960 shares of the investment management company’s stock after acquiring an additional 8,735 shares during the period. Cambridge Trust Co.’s holdings in BlackRock MuniYield Quality Fund III were worth $535,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Advisor Partners II LLC acquired a new position in BlackRock MuniYield Quality Fund III in the 3rd quarter valued at approximately $3,978,000. Bramshill Investments LLC lifted its position in BlackRock MuniYield Quality Fund III by 9.9% during the third quarter. Bramshill Investments LLC now owns 3,071,403 shares of the investment management company’s stock valued at $29,332,000 after purchasing an additional 276,145 shares during the last quarter. AQR Arbitrage LLC increased its holdings in shares of BlackRock MuniYield Quality Fund III by 99.9% in the 3rd quarter. AQR Arbitrage LLC now owns 444,830 shares of the investment management company’s stock worth $4,248,000 after buying an additional 222,316 shares during the last quarter. Allianz Asset Management GmbH purchased a new stake in shares of BlackRock MuniYield Quality Fund III during the 1st quarter valued at $2,492,000. Finally, Morgan Stanley lifted its holdings in shares of BlackRock MuniYield Quality Fund III by 3.2% during the 4th quarter. Morgan Stanley now owns 5,476,371 shares of the investment management company’s stock worth $61,390,000 after acquiring an additional 168,900 shares during the last quarter. 34.01% of the stock is owned by institutional investors and hedge funds.

BlackRock MuniYield Quality Fund III Price Performance

MYI opened at $11.00 on Friday. The business’s fifty day simple moving average is $11.35 and its 200 day simple moving average is $10.91. BlackRock MuniYield Quality Fund III, Inc. has a 52 week low of $9.32 and a 52 week high of $11.70.

BlackRock MuniYield Quality Fund III Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th will be issued a $0.0555 dividend. This represents a $0.67 annualized dividend and a dividend yield of 6.05%. The ex-dividend date is Friday, April 12th.

BlackRock MuniYield Quality Fund III Company 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.