Scarborough Advisors LLC Takes $699,000 Position in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI)

Scarborough Advisors LLC acquired a new stake in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI) in the 4th quarter, Holdings Channel reports. The firm acquired 63,318 shares of the investment management company’s stock, valued at approximately $699,000.

Several other hedge funds also recently modified their holdings of MYI. Capital Investment Advisors LLC grew its position in BlackRock MuniYield Quality Fund III by 0.7% in the 4th quarter. Capital Investment Advisors LLC now owns 261,498 shares of the investment management company’s stock valued at $2,887,000 after purchasing an additional 1,748 shares during the period. Horizon Kinetics Asset Management LLC grew its position in BlackRock MuniYield Quality Fund III by 5.2% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 44,854 shares of the investment management company’s stock valued at $538,000 after purchasing an additional 2,200 shares during the period. Larson Financial Group LLC grew its position in BlackRock MuniYield Quality Fund III by 238.1% in the 3rd quarter. Larson Financial Group LLC now owns 6,085 shares of the investment management company’s stock valued at $73,000 after purchasing an additional 4,285 shares during the period. US Bancorp DE grew its position in BlackRock MuniYield Quality Fund III by 49.8% in the 3rd quarter. US Bancorp DE now owns 25,183 shares of the investment management company’s stock valued at $302,000 after purchasing an additional 8,370 shares during the period. Finally, Icon Wealth Advisors LLC acquired a new stake in BlackRock MuniYield Quality Fund III in the 3rd quarter valued at $104,000. Institutional investors own 34.01% of the company’s stock.

BlackRock MuniYield Quality Fund III Price Performance

NYSE MYI opened at $11.13 on Friday. The company has a fifty day simple moving average of $11.12 and a 200 day simple moving average of $11.43. BlackRock MuniYield Quality Fund III, Inc. has a 12-month low of $10.83 and a 12-month high of $12.07.

BlackRock MuniYield Quality Fund III Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be given a $0.0555 dividend. This represents a $0.67 annualized dividend and a yield of 5.99%. The ex-dividend date of this dividend is Friday, February 14th.

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.