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

Scarborough Advisors LLC purchased a new position in shares of BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 63,318 shares of the investment management company's stock, valued at approximately $699,000. Scarborough Advisors LLC owned about 0.09% of BlackRock MuniYield Quality Fund III as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of MYI. Stifel Financial Corp increased its stake in shares of BlackRock MuniYield Quality Fund III by 40.0% during the 3rd quarter. Stifel Financial Corp now owns 623,360 shares of the investment management company's stock worth $7,480,000 after purchasing an additional 177,997 shares during the last quarter. Eastern Bank acquired a new position in shares of BlackRock MuniYield Quality Fund III during the 3rd quarter worth $1,282,000. Hennion & Walsh Asset Management Inc. increased its stake in shares of BlackRock MuniYield Quality Fund III by 11.8% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 986,901 shares of the investment management company's stock worth $11,843,000 after purchasing an additional 104,304 shares during the last quarter. International Assets Investment Management LLC grew its stake in BlackRock MuniYield Quality Fund III by 1,108.2% in the 3rd quarter. International Assets Investment Management LLC now owns 44,872 shares of the investment management company's stock valued at $5,380,000 after buying an additional 41,158 shares during the last quarter. Finally, Mariner Investment Group LLC acquired a new position in BlackRock MuniYield Quality Fund III in the 4th quarter valued at $451,000. Institutional investors and hedge funds own 34.01% of the company's stock.

BlackRock MuniYield Quality Fund III Stock Performance

NYSE:MYI traded up $0.06 during midday trading on Wednesday, reaching $11.21. The stock had a trading volume of 225,247 shares, compared to its average volume of 181,311. BlackRock MuniYield Quality Fund III, Inc. has a 1-year low of $10.83 and a 1-year high of $12.07. The firm's fifty day simple moving average is $11.10 and its 200-day simple moving average is $11.42.

BlackRock MuniYield Quality Fund III Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be paid a $0.0555 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.67 dividend on an annualized basis and a yield of 5.94%.

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.