Simon Quick Advisors LLC Buys Shares of 10,011 BlackRock Municipal Income Quality Trust (NYSE:BYM)

Simon Quick Advisors LLC purchased a new position in BlackRock Municipal Income Quality Trust (NYSE:BYM) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,011 shares of the company’s stock, valued at approximately $109,000.

A number of other large investors also recently modified their holdings of BYM. Pathway Financial Advisers LLC increased its holdings in BlackRock Municipal Income Quality Trust by 1,104.1% during the 3rd quarter. Pathway Financial Advisers LLC now owns 5,888 shares of the company’s stock worth $71,000 after acquiring an additional 5,399 shares during the period. Larson Financial Group LLC grew 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 valued at $114,000 after purchasing an additional 6,538 shares in the last quarter. Fortitude Family Office LLC bought a new position in shares of BlackRock Municipal Income Quality Trust in the third quarter worth $120,000. Melone Private Wealth LLC raised its position in shares of BlackRock Municipal Income Quality Trust by 0.9% in the third quarter. Melone Private Wealth LLC now owns 168,883 shares of the company’s stock worth $2,033,000 after buying an additional 1,488 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. boosted its stake in BlackRock Municipal Income Quality Trust by 60.7% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 482,081 shares of the company’s stock valued at $5,804,000 after buying an additional 182,054 shares during the period.

BlackRock Municipal Income Quality Trust Stock Performance

Shares of NYSE BYM opened at $11.24 on Friday. The stock’s 50-day simple moving average is $11.20 and its two-hundred day simple moving average is $11.58. BlackRock Municipal Income Quality Trust has a twelve month low of $10.65 and a twelve month high of $12.38.

BlackRock Municipal Income Quality Trust Announces Dividend

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 paid a $0.0555 dividend. This represents a $0.67 dividend on an annualized basis and a yield of 5.93%. The ex-dividend date 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.