BlackRock Municipal Income Quality Trust (NYSE:BYM) Shares Pass Above 50-Day Moving Average of $11.89

BlackRock Municipal Income Quality Trust (NYSE:BYM)’s share price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $11.89 and traded as high as $11.99. BlackRock Municipal Income Quality Trust shares last traded at $11.98, with a volume of 80,434 shares.

BlackRock Municipal Income Quality Trust Trading Up 0.3 %

The firm has a fifty day moving average price of $11.90 and a 200-day moving average price of $11.52.

BlackRock Municipal Income Quality Trust Announces Dividend

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

Institutional Investors Weigh In On BlackRock Municipal Income Quality Trust

Several hedge funds have recently modified their holdings of the stock. Larson Financial Group LLC purchased a new position in BlackRock Municipal Income Quality Trust during the second quarter worth approximately $33,000. Van ECK Associates Corp boosted its holdings in BlackRock Municipal Income Quality Trust by 2.2% in the first quarter. Van ECK Associates Corp now owns 198,524 shares of the company’s stock valued at $2,303,000 after acquiring an additional 4,247 shares during the last quarter. Rothschild Investment LLC purchased a new stake in BlackRock Municipal Income Quality Trust during the second quarter valued at about $68,000. Rosenberg Matthew Hamilton acquired a new stake in BlackRock Municipal Income Quality Trust during the second quarter worth about $83,000. Finally, Rinkey Investments raised its holdings in shares of BlackRock Municipal Income Quality Trust by 46.9% in the 2nd 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 period.

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.