Raymond James Financial Services Advisors Inc. Buys 2,431 Shares of BlackRock Municipal Income Quality Trust (NYSE:BYM)

Raymond James Financial Services Advisors Inc. boosted its position in BlackRock Municipal Income Quality Trust (NYSE:BYM) by 12.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,127 shares of the company’s stock after buying an additional 2,431 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in BlackRock Municipal Income Quality Trust were worth $248,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in BYM. Americana Partners LLC grew its stake in 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 acquiring an additional 328,261 shares during the period. AQR Arbitrage LLC boosted its stake in BlackRock Municipal Income Quality Trust by 117.9% during the 3rd quarter. AQR Arbitrage LLC now owns 213,397 shares of the company’s stock valued at $2,104,000 after purchasing an additional 115,447 shares during the last quarter. Stifel Financial Corp increased its holdings in BlackRock Municipal Income Quality Trust by 38.7% during the 3rd quarter. Stifel Financial Corp now owns 362,970 shares of the company’s stock worth $3,579,000 after purchasing an additional 101,231 shares in the last quarter. Advisors Asset Management Inc. raised its stake in shares of BlackRock Municipal Income Quality Trust by 47.6% in the third quarter. Advisors Asset Management Inc. now owns 131,954 shares of the company’s stock worth $1,301,000 after purchasing an additional 42,572 shares during the last quarter. Finally, Greytown Advisors Inc. lifted its holdings in shares of BlackRock Municipal Income Quality Trust by 14.4% in the third quarter. Greytown Advisors Inc. now owns 106,266 shares of the company’s stock valued at $1,050,000 after purchasing an additional 13,350 shares in the last quarter.

BlackRock Municipal Income Quality Trust Stock Up 0.0 %

Shares of NYSE:BYM opened at $11.06 on Wednesday. The business’s 50 day moving average is $11.40 and its 200 day moving average is $10.95. BlackRock Municipal Income Quality Trust has a 12-month low of $9.30 and a 12-month high of $11.65.

BlackRock Municipal Income Quality Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders 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 yield of 5.64%. The ex-dividend date is Friday, April 12th.

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.