Tyche Wealth Partners LLC Sells 4,069 Shares of BlackRock Municipal Income Quality Trust (NYSE:BYM)

Tyche Wealth Partners LLC decreased its position in BlackRock Municipal Income Quality Trust (NYSE:BYM) by 9.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 36,895 shares of the company’s stock after selling 4,069 shares during the period. Tyche Wealth Partners LLC’s holdings in BlackRock Municipal Income Quality Trust were worth $444,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of BYM. Larson Financial Group LLC bought a new position in shares of BlackRock Municipal Income Quality Trust during the second quarter worth about $33,000. Pathway Financial Advisers LLC boosted its position in BlackRock Municipal Income Quality Trust by 1,104.1% during the 3rd quarter. Pathway Financial Advisers LLC now owns 5,888 shares of the company’s stock worth $71,000 after acquiring an additional 5,399 shares during the last quarter. Rothschild Investment LLC acquired a new position in BlackRock Municipal Income Quality Trust during the 2nd quarter worth approximately $68,000. Rosenberg Matthew Hamilton bought a new position in shares of BlackRock Municipal Income Quality Trust during the 2nd quarter worth approximately $83,000. Finally, Fortitude Family Office LLC acquired a new stake in shares of BlackRock Municipal Income Quality Trust in the third quarter valued at approximately $120,000.

BlackRock Municipal Income Quality Trust Stock Performance

Shares of BYM stock traded down $0.08 during trading on Tuesday, reaching $11.36. The company’s stock had a trading volume of 17,688 shares, compared to its average volume of 54,748. BlackRock Municipal Income Quality Trust has a one year low of $9.39 and a one year high of $12.38. The business has a fifty day moving average price of $11.92 and a 200-day moving average price of $11.57.

BlackRock Municipal Income Quality Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be given a dividend of $0.0555 per share. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $0.67 annualized dividend and a yield of 5.86%.

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.