BlackRock Municipal Income Quality Trust (NYSE:BYM) Shares Sold by Robinson Capital Management LLC

Robinson Capital Management LLC reduced its holdings in shares of BlackRock Municipal Income Quality Trust (NYSE:BYM) by 2.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 145,969 shares of the company’s stock after selling 3,556 shares during the quarter. Robinson Capital Management LLC’s holdings in BlackRock Municipal Income Quality Trust were worth $1,584,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in BYM. Hennion & Walsh Asset Management Inc. boosted its holdings in BlackRock Municipal Income Quality Trust by 60.7% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 482,081 shares of the company’s stock valued at $5,804,000 after purchasing an additional 182,054 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of BlackRock Municipal Income Quality Trust by 6.6% during the 4th quarter. Van ECK Associates Corp now owns 197,605 shares of the company’s stock worth $2,144,000 after buying an additional 12,224 shares during the last quarter. Simon Quick Advisors LLC acquired a new position in shares of BlackRock Municipal Income Quality Trust in the 4th quarter valued at $109,000. Fortitude Family Office LLC purchased a new position in shares of BlackRock Municipal Income Quality Trust in the 3rd quarter valued at $120,000. Finally, Larson Financial Group LLC raised its stake in BlackRock Municipal Income Quality Trust by 225.4% during the 3rd quarter. Larson Financial Group LLC now owns 9,438 shares of the company’s stock worth $114,000 after acquiring an additional 6,538 shares in the last quarter.

BlackRock Municipal Income Quality Trust Price Performance

Shares of BYM opened at $11.24 on Tuesday. The firm has a fifty day moving average price of $11.11 and a 200 day moving average price of $11.55. BlackRock Municipal Income Quality Trust has a 1-year low of $10.65 and a 1-year high of $12.38.

BlackRock Municipal Income Quality Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be given a $0.0555 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.67 dividend on an annualized basis and a dividend yield of 5.93%.

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.