Raymond James & Associates Boosts Holdings in BlackRock Municipal Income Quality Trust (NYSE:BYM)

Raymond James & Associates raised its holdings in BlackRock Municipal Income Quality Trust (NYSE:BYM) by 6.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,813 shares of the company’s stock after buying an additional 2,084 shares during the quarter. Raymond James & Associates’ holdings in BlackRock Municipal Income Quality Trust were worth $401,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Americana Partners LLC grew its holdings in BlackRock Municipal Income Quality Trust by 42.0% in the 3rd 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 period. Fiera Capital Corp lifted its stake in shares of BlackRock Municipal Income Quality Trust by 2.6% in the 3rd quarter. Fiera Capital Corp now owns 496,268 shares of the company’s stock valued at $4,893,000 after purchasing an additional 12,566 shares in the last quarter. Stifel Financial Corp lifted its stake in shares of BlackRock Municipal Income Quality Trust by 38.7% in the 3rd quarter. Stifel Financial Corp now owns 362,970 shares of the company’s stock valued at $3,579,000 after purchasing an additional 101,231 shares in the last quarter. AQR Arbitrage LLC lifted its stake in shares of BlackRock Municipal Income Quality Trust by 117.9% in 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 in the last quarter. Finally, Melone Private Wealth LLC lifted its stake in shares of BlackRock Municipal Income Quality Trust by 1.9% in the 4th quarter. Melone Private Wealth LLC now owns 163,762 shares of the company’s stock valued at $1,836,000 after purchasing an additional 3,038 shares in the last quarter.

BlackRock Municipal Income Quality Trust Stock Up 0.3 %

NYSE BYM opened at $10.99 on Friday. BlackRock Municipal Income Quality Trust has a 1-year low of $9.30 and a 1-year high of $11.65. The business’s 50-day simple moving average is $11.38 and its 200-day simple moving average is $10.97.

BlackRock Municipal Income Quality Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th will be paid a $0.052 dividend. This represents a $0.62 annualized dividend and a dividend yield of 5.68%. The ex-dividend date of this dividend is Friday, April 12th.

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.