Advisors Asset Management Inc. Decreases Stake in BlackRock Municipal Income Quality Trust (NYSE:BYM)

Advisors Asset Management Inc. lowered its position in shares of BlackRock Municipal Income Quality Trust (NYSE:BYM) by 0.8% in the third quarter, Holdings Channel reports. The firm owned 135,081 shares of the company’s stock after selling 1,042 shares during the period. Advisors Asset Management Inc.’s holdings in BlackRock Municipal Income Quality Trust were worth $1,626,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Larson Financial Group LLC purchased a new stake in shares of BlackRock Municipal Income Quality Trust during the 2nd quarter worth about $33,000. Pathway Financial Advisers LLC lifted its position 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 in the last quarter. Rothschild Investment LLC acquired a new position in BlackRock Municipal Income Quality Trust during the 2nd quarter worth approximately $68,000. Rosenberg Matthew Hamilton acquired a new position in BlackRock Municipal Income Quality Trust during the 2nd quarter worth approximately $83,000. Finally, Fortitude Family Office LLC acquired a new position in BlackRock Municipal Income Quality Trust during the 3rd quarter worth approximately $120,000.

BlackRock Municipal Income Quality Trust Price Performance

BlackRock Municipal Income Quality Trust stock opened at $11.41 on Monday. The stock’s 50 day moving average price is $11.72 and its 200 day moving average price is $11.62. BlackRock Municipal Income Quality Trust has a one year low of $10.49 and a one year high of $12.38.

BlackRock Municipal Income Quality Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be given a dividend of $0.0555 per share. This represents a $0.67 annualized dividend and a yield of 5.84%. The ex-dividend date is Friday, November 15th.

About BlackRock Municipal Income Quality Trust

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.