Scarborough Advisors LLC increased its position in BlackRock MuniYield Quality Fund III, Inc. (NYSE:MYI – Free Report) by 168.8% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 169,362 shares of the investment management company’s stock after acquiring an additional 106,362 shares during the quarter. Scarborough Advisors LLC’s holdings in BlackRock MuniYield Quality Fund III were worth $1,780,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in MYI. Geneos Wealth Management Inc. boosted its position in BlackRock MuniYield Quality Fund III by 803.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 5,053 shares of the investment management company’s stock worth $56,000 after buying an additional 4,494 shares during the period. NewEdge Advisors LLC increased its position in BlackRock MuniYield Quality Fund III by 1.4% in the 2nd quarter. NewEdge Advisors LLC now owns 206,048 shares of the investment management company’s stock valued at $2,161,000 after acquiring an additional 2,822 shares during the period. Karpus Management Inc. increased its position in BlackRock MuniYield Quality Fund III by 3.0% in the 2nd quarter. Karpus Management Inc. now owns 327,800 shares of the investment management company’s stock valued at $3,439,000 after acquiring an additional 9,600 shares during the period. Jane Street Group LLC bought a new position in shares of BlackRock MuniYield Quality Fund III during the second quarter valued at $373,000. Finally, Kim LLC raised its stake in shares of BlackRock MuniYield Quality Fund III by 1.1% during the second quarter. Kim LLC now owns 203,124 shares of the investment management company’s stock valued at $2,131,000 after acquiring an additional 2,117 shares during the last quarter. Institutional investors own 34.01% of the company’s stock.
BlackRock MuniYield Quality Fund III Trading Up 0.2%
Shares of NYSE:MYI opened at $10.93 on Monday. BlackRock MuniYield Quality Fund III, Inc. has a 52 week low of $10.20 and a 52 week high of $11.46. The firm’s fifty day moving average is $10.93 and its 200-day moving average is $10.97.
BlackRock MuniYield Quality Fund III Dividend Announcement
BlackRock MuniYield Quality Fund III Company Profile
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.
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