Rivernorth Capital Management LLC Cuts Stake in BlackRock Municipal Income Quality Trust (NYSE:BYM)

Rivernorth Capital Management LLC trimmed its stake in BlackRock Municipal Income Quality Trust (NYSE:BYM) by 13.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 745,062 shares of the company’s stock after selling 113,992 shares during the quarter. Rivernorth Capital Management LLC’s holdings in BlackRock Municipal Income Quality Trust were worth $8,971,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Melone Private Wealth LLC grew its stake in shares of BlackRock Municipal Income Quality Trust by 0.9% during the 3rd quarter. Melone Private Wealth LLC now owns 168,883 shares of the company’s stock valued at $2,033,000 after buying an additional 1,488 shares during the period. Larson Financial Group LLC acquired a new position in BlackRock Municipal Income Quality Trust in the second quarter valued at $33,000. Pathway Financial Advisers LLC grew its position in BlackRock Municipal Income Quality Trust by 1,104.1% during the third quarter. Pathway Financial Advisers LLC now owns 5,888 shares of the company’s stock valued at $71,000 after acquiring an additional 5,399 shares during the period. Rothschild Investment LLC acquired a new stake in BlackRock Municipal Income Quality Trust during the second quarter worth about $68,000. Finally, Rosenberg Matthew Hamilton purchased a new position in shares of BlackRock Municipal Income Quality Trust in the 2nd quarter worth about $83,000.

BlackRock Municipal Income Quality Trust Trading Down 0.7 %

Shares of NYSE:BYM opened at $11.58 on Friday. The stock has a 50-day simple moving average of $11.62 and a 200-day simple moving average of $11.66. BlackRock Municipal Income Quality Trust has a 1 year low of $10.78 and a 1 year high of $12.38.

BlackRock Municipal Income Quality Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a dividend of $0.0555 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.67 annualized dividend and a yield of 5.75%.

BlackRock Municipal Income Quality Trust Company 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.