Hennion & Walsh Asset Management Inc. Purchases 159,220 Shares of BlackRock Municipal Income Quality Trust (NYSE:BYM)

Hennion & Walsh Asset Management Inc. raised its position in BlackRock Municipal Income Quality Trust (NYSE:BYM) by 33.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 641,301 shares of the company’s stock after buying an additional 159,220 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in BlackRock Municipal Income Quality Trust were worth $6,958,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in BYM. Larson Financial Group LLC increased its holdings in shares of BlackRock Municipal Income Quality Trust by 225.4% in the third quarter. Larson Financial Group LLC now owns 9,438 shares of the company’s stock worth $114,000 after purchasing an additional 6,538 shares during the period. Pathway Financial Advisers LLC lifted its stake in BlackRock Municipal Income Quality Trust by 1,104.1% in the third quarter. Pathway Financial Advisers LLC now owns 5,888 shares of the company’s stock worth $71,000 after purchasing an additional 5,399 shares during the last quarter. Fortitude Family Office LLC bought a new stake in shares of BlackRock Municipal Income Quality Trust in the 3rd quarter valued at about $120,000. Finally, Melone Private Wealth LLC lifted its position in BlackRock Municipal Income Quality Trust by 0.9% in the third quarter. Melone Private Wealth LLC now owns 168,883 shares of the company’s stock valued at $2,033,000 after purchasing an additional 1,488 shares during the last quarter.

BlackRock Municipal Income Quality Trust Price Performance

Shares of BlackRock Municipal Income Quality Trust stock opened at $10.91 on Thursday. The company’s fifty day simple moving average is $11.25 and its two-hundred day simple moving average is $11.60. BlackRock Municipal Income Quality Trust has a 12-month low of $10.65 and a 12-month high of $12.38.

BlackRock Municipal Income Quality Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Wednesday, January 15th will be paid a $0.0555 dividend. This represents a $0.67 dividend on an annualized basis and a yield of 6.10%. The ex-dividend date is Wednesday, January 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.