Simon Quick Advisors LLC Invests $109,000 in BlackRock Municipal Income Quality Trust (NYSE:BYM)

Simon Quick Advisors LLC purchased a new stake in shares of BlackRock Municipal Income Quality Trust (NYSE:BYM) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 10,011 shares of the company’s stock, valued at approximately $109,000.

A number of other hedge funds have also bought and sold shares of the business. Hennion & Walsh Asset Management Inc. increased its position in shares of BlackRock Municipal Income Quality Trust by 33.0% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 641,301 shares of the company’s stock valued at $6,958,000 after purchasing an additional 159,220 shares during the last quarter. Larson Financial Group LLC grew its position in BlackRock Municipal Income Quality Trust by 225.4% during 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 period. Fortitude Family Office LLC purchased a new stake in BlackRock Municipal Income Quality Trust during the third quarter worth about $120,000. Melone Private Wealth LLC raised its position in 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 worth $2,033,000 after acquiring an additional 1,488 shares during the period. Finally, Pathway Financial Advisers LLC boosted its stake in BlackRock Municipal Income Quality Trust by 1,104.1% in the third 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 Stock Performance

Shares of BYM stock opened at $11.24 on Friday. The company has a 50 day moving average of $11.20 and a 200-day moving average of $11.58. BlackRock Municipal Income Quality Trust has a 12-month low of $10.65 and a 12-month high of $12.38.

BlackRock Municipal Income Quality Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be given a $0.0555 dividend. This represents a $0.67 dividend on an annualized basis and a yield of 5.93%. The ex-dividend date of this dividend is Wednesday, January 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.