BlackRock Municipal Income Quality Trust (NYSE:BYM) Stock Holdings Increased by LPL Financial LLC

LPL Financial LLC increased its holdings in BlackRock Municipal Income Quality Trust (NYSE:BYM) by 5.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 114,205 shares of the company’s stock after purchasing an additional 5,899 shares during the quarter. LPL Financial LLC’s holdings in BlackRock Municipal Income Quality Trust were worth $1,239,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Van ECK Associates Corp increased its position in BlackRock Municipal Income Quality Trust by 6.6% in the 4th quarter. Van ECK Associates Corp now owns 197,605 shares of the company’s stock worth $2,144,000 after purchasing an additional 12,224 shares during the last quarter. Raymond James Financial Inc. bought a new position in BlackRock Municipal Income Quality Trust in the 4th quarter valued at $688,000. Hennion & Walsh Asset Management Inc. raised its position in BlackRock Municipal Income Quality Trust by 33.0% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 641,301 shares of the company’s stock worth $6,958,000 after purchasing an additional 159,220 shares during the last quarter. Ackerman Capital Advisors LLC acquired a new position in BlackRock Municipal Income Quality Trust in the fourth quarter valued at approximately $181,000. Finally, Simon Quick Advisors LLC bought a new position in BlackRock Municipal Income Quality Trust during the 4th quarter worth approximately $109,000.

BlackRock Municipal Income Quality Trust Trading Down 0.5 %

Shares of BYM opened at $10.42 on Friday. The stock has a 50 day simple moving average of $10.89 and a 200 day simple moving average of $11.21. BlackRock Municipal Income Quality Trust has a 52-week low of $10.12 and a 52-week high of $12.38.

BlackRock Municipal Income Quality Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be issued a dividend of $0.0555 per share. This represents a $0.67 annualized dividend and a yield of 6.39%. The ex-dividend date of this dividend is Tuesday, April 15th.

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.