Tyche Wealth Partners LLC Invests $459,000 in BlackRock Municipal Income Quality Trust (NYSE:BYM)

Tyche Wealth Partners LLC bought a new position in shares of BlackRock Municipal Income Quality Trust (NYSE:BYM) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 40,964 shares of the company’s stock, valued at approximately $459,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Stifel Financial Corp raised its stake in shares of BlackRock Municipal Income Quality Trust by 38.7% in the third quarter. Stifel Financial Corp now owns 362,970 shares of the company’s stock valued at $3,579,000 after acquiring an additional 101,231 shares during the last quarter. AQR Arbitrage LLC grew its holdings in shares of BlackRock Municipal Income Quality Trust by 117.9% during the third quarter. AQR Arbitrage LLC now owns 213,397 shares of the company’s stock worth $2,104,000 after purchasing an additional 115,447 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in shares of BlackRock Municipal Income Quality Trust by 12.0% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 19,696 shares of the company’s stock valued at $194,000 after buying an additional 2,107 shares in the last quarter. Fiera Capital Corp raised its holdings in shares of BlackRock Municipal Income Quality Trust by 2.6% in the third quarter. Fiera Capital Corp now owns 496,268 shares of the company’s stock valued at $4,893,000 after buying an additional 12,566 shares during the last quarter. Finally, Americana Partners LLC raised its holdings in shares of BlackRock Municipal Income Quality Trust by 42.0% in the third quarter. Americana Partners LLC now owns 1,110,211 shares of the company’s stock valued at $10,479,000 after buying an additional 328,261 shares during the last quarter.

BlackRock Municipal Income Quality Trust Stock Down 0.4 %

NYSE:BYM traded down $0.05 during mid-day trading on Wednesday, reaching $11.07. 147,406 shares of the company were exchanged, compared to its average volume of 56,503. BlackRock Municipal Income Quality Trust has a 12 month low of $9.30 and a 12 month high of $11.65. The company has a fifty day moving average of $11.44 and a 200 day moving average of $10.91.

BlackRock Municipal Income Quality Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th will be issued a dividend of $0.052 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 5.64%. The ex-dividend date is Friday, April 12th.

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.