Argent Trust Co Takes Position in BlackRock Municipal Income Quality Trust (NYSE:BYM)

Argent Trust Co bought a new stake in BlackRock Municipal Income Quality Trust (NYSE:BYM – Get Rating) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 17,021 shares of the company’s stock, valued at approximately $193,000.

Several other institutional investors have also made changes to their positions in BYM. Fiera Capital Corp bought a new stake in shares of BlackRock Municipal Income Quality Trust in the fourth quarter valued at approximately $4,869,000. Van ECK Associates Corp lifted its stake in BlackRock Municipal Income Quality Trust by 51.7% during the fourth quarter. Van ECK Associates Corp now owns 144,687 shares of the company’s stock worth $1,642,000 after purchasing an additional 49,341 shares during the last quarter. UBS Group AG lifted its stake in BlackRock Municipal Income Quality Trust by 32.7% during the second quarter. UBS Group AG now owns 173,125 shares of the company’s stock worth $2,145,000 after purchasing an additional 42,667 shares during the last quarter. Rivernorth Capital Management LLC lifted its stake in BlackRock Municipal Income Quality Trust by 30.9% during the first quarter. Rivernorth Capital Management LLC now owns 164,614 shares of the company’s stock worth $2,178,000 after purchasing an additional 38,872 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in BlackRock Municipal Income Quality Trust by 27.0% during the first quarter. Bank of America Corp DE now owns 179,470 shares of the company’s stock worth $2,374,000 after purchasing an additional 38,151 shares during the last quarter.

BlackRock Municipal Income Quality Trust Stock Performance

NYSE BYM opened at $10.82 on Friday. The business has a fifty day moving average price of $11.22 and a two-hundred day moving average price of $11.34. BlackRock Municipal Income Quality Trust has a fifty-two week low of $10.10 and a fifty-two week high of $14.08.

BlackRock Municipal Income Quality Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, June 1st. Stockholders of record on Monday, May 15th will be paid a $0.038 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date of this dividend is Friday, May 12th.

About BlackRock Municipal Income Quality Trust

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BlackRock Municipal Income Quality Trust is a closed-end investment fund/investment Trust. Its investment objective is to provide current income exempt from federal income taxes, including the alternative minimum tax. The Trust seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its assets in municipal bonds exempt from federal income taxes, including the alternative minimum tax.