Logan Stone Capital LLC Has $282,000 Stake in BlackRock Municipal Income Quality Trust (NYSE:BYM)

Logan Stone Capital LLC reduced its position in BlackRock Municipal Income Quality Trust (NYSE:BYM) by 60.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,574 shares of the company’s stock after selling 38,179 shares during the quarter. Logan Stone Capital LLC’s holdings in BlackRock Municipal Income Quality Trust were worth $282,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Americana Partners LLC raised its position in 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 valued at $18,308,000 after purchasing an additional 232,481 shares in the last quarter. Van ECK Associates Corp raised its holdings in shares of BlackRock Municipal Income Quality Trust by 2.2% during the 1st quarter. Van ECK Associates Corp now owns 198,524 shares of the company’s stock worth $2,303,000 after buying an additional 4,247 shares in the last quarter. Allegheny Financial Group LTD lifted its position in shares of BlackRock Municipal Income Quality Trust by 15.5% during the 2nd quarter. Allegheny Financial Group LTD now owns 175,377 shares of the company’s stock worth $2,010,000 after buying an additional 23,486 shares during the last quarter. LM Advisors LLC acquired a new stake in BlackRock Municipal Income Quality Trust in the fourth quarter valued at about $1,816,000. Finally, Rinkey Investments grew its position in BlackRock Municipal Income Quality Trust by 46.9% in the second quarter. Rinkey Investments now owns 44,500 shares of the company’s stock valued at $510,000 after acquiring an additional 14,200 shares during the last quarter.

BlackRock Municipal Income Quality Trust Price Performance

Shares of NYSE BYM opened at $11.98 on Friday. BlackRock Municipal Income Quality Trust has a 12 month low of $9.30 and a 12 month high of $12.38. The stock has a 50-day moving average price of $11.89 and a two-hundred day moving average price of $11.51.

BlackRock Municipal Income Quality Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be paid a $0.0555 dividend. This represents a $0.67 annualized dividend and a yield of 5.56%. The ex-dividend date of this dividend is Tuesday, October 15th.

BlackRock Municipal Income Quality Trust 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.