Melone Private Wealth LLC Decreases Stake in BlackRock Municipal Income Quality Trust (NYSE:BYM)

Melone Private Wealth LLC cut its position in BlackRock Municipal Income Quality Trust (NYSE:BYM) by 20.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 135,055 shares of the company’s stock after selling 33,828 shares during the period. BlackRock Municipal Income Quality Trust accounts for 0.8% of Melone Private Wealth LLC’s investment portfolio, making the stock its 26th largest holding. Melone Private Wealth LLC’s holdings in BlackRock Municipal Income Quality Trust were worth $1,465,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Pathway Financial Advisers LLC grew its stake in shares of BlackRock Municipal Income Quality Trust by 1,104.1% during the third quarter. Pathway Financial Advisers LLC now owns 5,888 shares of the company’s stock worth $71,000 after purchasing an additional 5,399 shares in the last quarter. Larson Financial Group LLC boosted its position in shares of BlackRock Municipal Income Quality Trust by 225.4% during the 3rd quarter. Larson Financial Group LLC now owns 9,438 shares of the company’s stock worth $114,000 after acquiring an additional 6,538 shares in the last quarter. Fortitude Family Office LLC purchased a new position in shares of BlackRock Municipal Income Quality Trust in the 3rd quarter valued at about $120,000. Finally, Hennion & Walsh Asset Management Inc. raised its position in shares of BlackRock Municipal Income Quality Trust by 60.7% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 482,081 shares of the company’s stock worth $5,804,000 after acquiring an additional 182,054 shares in the last quarter.

BlackRock Municipal Income Quality Trust Stock Up 0.3 %

Shares of BYM opened at $10.87 on Wednesday. BlackRock Municipal Income Quality Trust has a 52-week low of $10.65 and a 52-week high of $12.38. The stock has a 50 day moving average price of $11.26 and a 200 day moving average price of $11.60.

BlackRock Municipal Income Quality Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Wednesday, January 15th will be given a $0.0555 dividend. This represents a $0.67 dividend on an annualized basis and a dividend yield of 6.13%. The ex-dividend date of this dividend is Wednesday, January 15th.

BlackRock Municipal Income Quality Trust Company Profile

BlackRock Municipal Income Quality Trust is a closed-ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in the fixed income markets of the United States. It primarily invests in investment grade municipal bonds exempt from federal income taxes, including the alternative minimum tax.