Stifel Financial Corp Trims Holdings in BlackRock Municipal Income Quality Trust (NYSE:BYM)

Stifel Financial Corp reduced its holdings in shares of BlackRock Municipal Income Quality Trust (NYSE:BYM) by 10.1% during the 3rd quarter, HoldingsChannel reports. The firm owned 189,779 shares of the company’s stock after selling 21,353 shares during the period. Stifel Financial Corp’s holdings in BlackRock Municipal Income Quality Trust were worth $2,285,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of BYM. Americana Partners LLC boosted its stake in shares of BlackRock Municipal Income Quality Trust by 17.0% during the second quarter. Americana Partners LLC now owns 1,597,561 shares of the company’s stock worth $18,308,000 after buying an additional 232,481 shares during the period. Hennion & Walsh Asset Management Inc. lifted its position in 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 during the period. Allegheny Financial Group LTD grew its stake in shares of BlackRock Municipal Income Quality Trust by 15.5% in the 2nd quarter. Allegheny Financial Group LTD now owns 175,377 shares of the company’s stock valued at $2,010,000 after purchasing an additional 23,486 shares during the last quarter. Melone Private Wealth LLC increased its holdings 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 valued at $2,033,000 after purchasing an additional 1,488 shares during the period. Finally, Rinkey Investments raised its stake in shares of BlackRock Municipal Income Quality Trust by 46.9% during the second quarter. Rinkey Investments now owns 44,500 shares of the company’s stock worth $510,000 after purchasing an additional 14,200 shares during the last quarter.

BlackRock Municipal Income Quality Trust Trading Down 1.6 %

NYSE:BYM opened at $10.98 on Thursday. The firm’s fifty day moving average price is $11.56 and its 200 day moving average price is $11.67. BlackRock Municipal Income Quality Trust has a 1-year low of $10.78 and a 1-year high of $12.38.

BlackRock Municipal Income Quality Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a $0.0555 dividend. This represents a $0.67 annualized dividend and a dividend yield of 6.07%. The ex-dividend date of this dividend is Monday, December 16th.

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.