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

Melone Private Wealth LLC lessened its position in shares of BlackRock Municipal Income Quality Trust (NYSE:BYM) by 20.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 135,055 shares of the company’s stock after selling 33,828 shares during the quarter. BlackRock Municipal Income Quality Trust comprises 0.8% of Melone Private Wealth LLC’s investment portfolio, making the stock its 26th biggest 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 institutional investors also recently added to or reduced their stakes in the company. Larson Financial Group LLC raised its holdings in shares of BlackRock Municipal Income Quality Trust by 225.4% in the third quarter. Larson Financial Group LLC now owns 9,438 shares of the company’s stock valued at $114,000 after buying an additional 6,538 shares during the last quarter. Fortitude Family Office LLC acquired a new position in BlackRock Municipal Income Quality Trust in the 3rd quarter valued at about $120,000. Hennion & Walsh Asset Management Inc. raised its stake 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 valued at $5,804,000 after acquiring an additional 182,054 shares during the last quarter. Finally, Pathway Financial Advisers LLC raised its stake 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 valued at $71,000 after acquiring an additional 5,399 shares during the last quarter.

BlackRock Municipal Income Quality Trust Trading Up 0.3 %

Shares of BYM stock opened at $10.87 on Wednesday. The business’s 50 day moving average is $11.26 and its two-hundred day moving average is $11.60. 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 Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Wednesday, January 15th. This represents a $0.67 dividend on an annualized basis and a yield of 6.13%.

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.