BlackRock Municipal Income Quality Trust (NYSE:BYM) Announces Monthly Dividend of $0.05

BlackRock Municipal Income Quality Trust (NYSE:BYMGet Free Report) declared a monthly dividend on Monday, April 1st, Zacks reports. Shareholders of record on Monday, April 15th will be paid a dividend of 0.052 per share on Wednesday, May 1st. This represents a $0.62 annualized dividend and a yield of 5.44%. The ex-dividend date is Friday, April 12th.

BlackRock Municipal Income Quality Trust Stock Performance

Shares of BYM traded up $0.01 during mid-day trading on Wednesday, reaching $11.47. 11,364 shares of the company’s stock were exchanged, compared to its average volume of 55,695. The business’s fifty day simple moving average is $11.43 and its 200-day simple moving average is $10.82. BlackRock Municipal Income Quality Trust has a 52-week low of $9.30 and a 52-week high of $11.77.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Morgan Stanley raised its stake in BlackRock Municipal Income Quality Trust by 19.3% in the 4th quarter. Morgan Stanley now owns 2,521,315 shares of the company’s stock valued at $28,617,000 after purchasing an additional 407,310 shares during the last quarter. Stifel Financial Corp grew its holdings in shares of BlackRock Municipal Income Quality Trust by 147.9% during the 2nd quarter. Stifel Financial Corp now owns 261,739 shares of the company’s stock worth $2,945,000 after purchasing an additional 156,171 shares during the period. Logan Stone Capital LLC purchased a new stake in shares of BlackRock Municipal Income Quality Trust during the 4th quarter worth about $1,135,000. Wells Fargo & Company MN lifted its position in BlackRock Municipal Income Quality Trust by 18.2% during the 4th quarter. Wells Fargo & Company MN now owns 545,878 shares of the company’s stock worth $6,196,000 after acquiring an additional 84,226 shares in the last quarter. Finally, UBS Group AG lifted its position in BlackRock Municipal Income Quality Trust by 66.4% during the 4th quarter. UBS Group AG now owns 113,055 shares of the company’s stock worth $1,267,000 after acquiring an additional 45,093 shares in the last quarter.

About BlackRock Municipal Income Quality Trust

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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.

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Dividend History for BlackRock Municipal Income Quality Trust (NYSE:BYM)

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