BlackRock Municipal Income Quality Trust (NYSE:BYM) Share Price Passes Below Fifty Day Moving Average – Time to Sell?

BlackRock Municipal Income Quality Trust (NYSE:BYM) passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $11.17 and traded as low as $11.13. BlackRock Municipal Income Quality Trust shares last traded at $11.28, with a volume of 135,213 shares traded.

BlackRock Municipal Income Quality Trust Stock Performance

The business’s 50 day moving average price is $11.17 and its 200 day moving average price is $11.57.

BlackRock Municipal Income Quality Trust Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th were paid a dividend of $0.0555 per share. The ex-dividend date of this dividend was Wednesday, January 15th. This represents a $0.67 dividend on an annualized basis and a dividend yield of 5.90%.

Institutional Investors Weigh In On BlackRock Municipal Income Quality Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Pathway Financial Advisers LLC grew its stake in BlackRock Municipal Income Quality Trust by 1,104.1% in the 3rd quarter. Pathway Financial Advisers LLC now owns 5,888 shares of the company’s stock valued at $71,000 after acquiring an additional 5,399 shares during the period. Larson Financial Group LLC grew its stake in BlackRock Municipal Income Quality Trust by 225.4% in the 3rd quarter. Larson Financial Group LLC now owns 9,438 shares of the company’s stock valued at $114,000 after acquiring an additional 6,538 shares during the period. Fortitude Family Office LLC acquired a new stake in BlackRock Municipal Income Quality Trust in the 3rd quarter valued at $120,000. Simon Quick Advisors LLC acquired a new stake in BlackRock Municipal Income Quality Trust in the 4th quarter valued at $109,000. Finally, Wolverine Asset Management LLC grew its stake in BlackRock Municipal Income Quality Trust by 7,016.3% in the 4th quarter. Wolverine Asset Management LLC now owns 21,349 shares of the company’s stock valued at $232,000 after acquiring an additional 21,049 shares during the period.

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.