BlackRock Municipal Income Quality Trust (NYSE:BYM) Shares Bought by Melone Private Wealth LLC

Melone Private Wealth LLC grew its holdings in BlackRock Municipal Income Quality Trust (NYSE:BYM) by 0.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 168,883 shares of the company’s stock after purchasing an additional 1,488 shares during the quarter. BlackRock Municipal Income Quality Trust accounts for about 1.1% of Melone Private Wealth LLC’s holdings, making the stock its 22nd biggest holding. Melone Private Wealth LLC’s holdings in BlackRock Municipal Income Quality Trust were worth $2,033,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. LM Advisors LLC acquired a new stake in BlackRock Municipal Income Quality Trust in the 4th quarter valued at about $1,816,000. Van ECK Associates Corp increased its position in shares of BlackRock Municipal Income Quality Trust by 2.2% in the 1st quarter. Van ECK Associates Corp now owns 198,524 shares of the company’s stock valued at $2,303,000 after purchasing an additional 4,247 shares during the last quarter. Rinkey Investments acquired a new stake in shares of BlackRock Municipal Income Quality Trust in the 1st quarter valued at $351,000. Allegheny Financial Group LTD lifted its position in shares of BlackRock Municipal Income Quality Trust by 11.4% during the 1st quarter. Allegheny Financial Group LTD now owns 151,891 shares of the company’s stock worth $1,762,000 after purchasing an additional 15,564 shares during the last quarter. Finally, Rosenberg Matthew Hamilton acquired a new position in shares of BlackRock Municipal Income Quality Trust during the second quarter worth $83,000.

BlackRock Municipal Income Quality Trust Price Performance

BlackRock Municipal Income Quality Trust stock remained flat at $11.96 during midday trading on Monday. The company’s stock had a trading volume of 12,938 shares, compared to its average volume of 55,000. The stock’s fifty day moving average is $11.95 and its 200-day moving average is $11.53. BlackRock Municipal Income Quality Trust has a one year low of $9.30 and a one year high of $12.38.

BlackRock Municipal Income Quality Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be given a dividend of $0.0555 per share. This represents a $0.67 annualized dividend and a dividend yield of 5.57%. The ex-dividend date is Tuesday, October 15th.

BlackRock Municipal Income Quality Trust 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.