Covenant Asset Management LLC Sells 12,350 Shares of BlackRock Municipal Income Quality Trust (NYSE:BYM)

Covenant Asset Management LLC cut its stake in BlackRock Municipal Income Quality Trust (NYSE:BYM) by 51.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,875 shares of the company’s stock after selling 12,350 shares during the period. Covenant Asset Management LLC’s holdings in BlackRock Municipal Income Quality Trust were worth $129,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Pathway Financial Advisers LLC boosted its holdings 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 purchasing an additional 5,399 shares during the period. Larson Financial Group LLC boosted its holdings 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 purchasing an additional 6,538 shares during the period. Fortitude Family Office LLC bought a new stake in BlackRock Municipal Income Quality Trust in the 3rd quarter valued at $120,000. Simon Quick Advisors LLC bought a new stake in BlackRock Municipal Income Quality Trust in the 4th quarter valued at $109,000. Finally, Indiana Trust & Investment Management Co boosted its holdings in BlackRock Municipal Income Quality Trust by 1.4% in the 4th quarter. Indiana Trust & Investment Management Co now owns 95,726 shares of the company’s stock valued at $1,039,000 after purchasing an additional 1,316 shares during the period.

BlackRock Municipal Income Quality Trust Price Performance

Shares of BlackRock Municipal Income Quality Trust stock opened at $11.24 on Friday. BlackRock Municipal Income Quality Trust has a fifty-two week low of $10.65 and a fifty-two week high of $12.38. The firm has a fifty day moving average price of $11.11 and a two-hundred day moving average price of $11.56.

BlackRock Municipal Income Quality Trust Dividend Announcement

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

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.