BlackRock Municipal Income Quality Trust (NYSE:BYM) Shares Sold by Stifel Financial Corp

Stifel Financial Corp lowered its position in BlackRock Municipal Income Quality Trust (NYSE:BYM) by 10.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 189,779 shares of the company’s stock after selling 21,353 shares during the quarter. Stifel Financial Corp’s holdings in BlackRock Municipal Income Quality Trust were worth $2,285,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rosenberg Matthew Hamilton purchased a new stake in shares of BlackRock Municipal Income Quality Trust during the 2nd quarter worth $83,000. Americana Partners LLC lifted its holdings in BlackRock Municipal Income Quality Trust by 17.0% during the 2nd quarter. Americana Partners LLC now owns 1,597,561 shares of the company’s stock worth $18,308,000 after buying an additional 232,481 shares during the last quarter. Rothschild Investment LLC purchased a new position in shares of BlackRock Municipal Income Quality Trust in the 2nd quarter valued at about $68,000. Rinkey Investments raised its position in shares of BlackRock Municipal Income Quality Trust by 46.9% during the 2nd quarter. Rinkey Investments now owns 44,500 shares of the company’s stock worth $510,000 after acquiring an additional 14,200 shares in the last quarter. Finally, Allegheny Financial Group LTD raised its position in shares of BlackRock Municipal Income Quality Trust by 15.5% during the 2nd quarter. Allegheny Financial Group LTD now owns 175,377 shares of the company’s stock worth $2,010,000 after acquiring an additional 23,486 shares in the last quarter.

BlackRock Municipal Income Quality Trust Stock Down 1.6 %

Shares of BYM opened at $10.98 on Thursday. BlackRock Municipal Income Quality Trust has a 52-week low of $10.78 and a 52-week high of $12.38. The stock has a 50 day moving average price of $11.56 and a 200 day moving average price of $11.67.

BlackRock Municipal Income Quality Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a $0.0555 dividend. This represents a $0.67 annualized dividend and a dividend yield of 6.07%. The ex-dividend date is Monday, December 16th.

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.