BlackRock Municipal Income Quality Trust (NYSE:BYM) Shares Bought by Pathway Financial Advisers LLC

Pathway Financial Advisers LLC raised its position in BlackRock Municipal Income Quality Trust (NYSE:BYM) by 1,104.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,888 shares of the company’s stock after buying an additional 5,399 shares during the quarter. Pathway Financial Advisers LLC’s holdings in BlackRock Municipal Income Quality Trust were worth $71,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Larson Financial Group LLC purchased a new stake in BlackRock Municipal Income Quality Trust in the 2nd quarter valued at $33,000. Rothschild Investment LLC purchased a new stake in shares of BlackRock Municipal Income Quality Trust in the second quarter valued at about $68,000. Rosenberg Matthew Hamilton purchased a new stake in shares of BlackRock Municipal Income Quality Trust in the second quarter valued at about $83,000. Rinkey Investments acquired a new stake in shares of BlackRock Municipal Income Quality Trust during the first quarter worth about $351,000. Finally, Allegheny Financial Group LTD grew its holdings in shares of BlackRock Municipal Income Quality Trust by 11.4% during the first quarter. Allegheny Financial Group LTD now owns 151,891 shares of the company’s stock worth $1,762,000 after buying an additional 15,564 shares during the last quarter.

BlackRock Municipal Income Quality Trust Stock Performance

Shares of BYM stock opened at $11.52 on Friday. The stock’s 50-day moving average price is $11.93 and its 200 day moving average price is $11.57. BlackRock Municipal Income Quality Trust has a 52-week low of $9.30 and a 52-week high of $12.38.

BlackRock Municipal Income Quality Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be issued a $0.0555 dividend. This represents a $0.67 dividend on an annualized basis and a dividend yield of 5.78%. The ex-dividend date is Tuesday, October 15th.

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.