Fortitude Family Office LLC Makes New Investment in BlackRock Municipal Income Quality Trust (NYSE:BYM)

Fortitude Family Office LLC bought a new position in shares of BlackRock Municipal Income Quality Trust (NYSE:BYM) during the third quarter, HoldingsChannel.com reports. The firm bought 10,000 shares of the company’s stock, valued at approximately $120,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Larson Financial Group LLC bought a new stake in shares of BlackRock Municipal Income Quality Trust in the second quarter valued at approximately $33,000. Rothschild Investment LLC bought a new stake in shares of BlackRock Municipal Income Quality Trust during the 2nd quarter valued at $68,000. Pathway Financial Advisers LLC grew its holdings in shares of 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 purchasing an additional 5,399 shares in the last quarter. Rosenberg Matthew Hamilton bought a new position in shares of BlackRock Municipal Income Quality Trust in the second quarter worth $83,000. Finally, Rinkey Investments acquired a new position in BlackRock Municipal Income Quality Trust in the first quarter valued at about $351,000.

BlackRock Municipal Income Quality Trust Stock Down 0.5 %

BYM opened at $11.38 on Wednesday. BlackRock Municipal Income Quality Trust has a twelve month low of $9.39 and a twelve month high of $12.38. The company has a 50-day simple moving average of $11.91 and a 200 day simple moving average of $11.57.

BlackRock Municipal Income Quality Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be issued a dividend of $0.0555 per share. This represents a $0.67 dividend on an annualized basis and a dividend yield of 5.85%. 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.