Indiana Trust & Investment Management Co Lowers Holdings in BlackRock Municipal Income Quality Trust (NYSE:BYM)

Indiana Trust & Investment Management Co trimmed its stake in BlackRock Municipal Income Quality Trust (NYSE:BYM) by 3.8% in the third quarter, Holdings Channel.com reports. The firm owned 94,410 shares of the company’s stock after selling 3,708 shares during the quarter. Indiana Trust & Investment Management Co’s holdings in BlackRock Municipal Income Quality Trust were worth $1,137,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Melone Private Wealth LLC lifted its stake in shares of BlackRock Municipal Income Quality Trust by 0.9% in the 3rd quarter. Melone Private Wealth LLC now owns 168,883 shares of the company’s stock valued at $2,033,000 after purchasing an additional 1,488 shares in the last quarter. Larson Financial Group LLC acquired a new position in BlackRock Municipal Income Quality Trust during the second quarter valued at approximately $33,000. Van ECK Associates Corp lifted its position in BlackRock Municipal Income Quality Trust by 2.2% during the first quarter. Van ECK Associates Corp now owns 198,524 shares of the company’s stock valued at $2,303,000 after buying an additional 4,247 shares in the last quarter. Rothschild Investment LLC purchased a new stake in BlackRock Municipal Income Quality Trust during the second quarter worth approximately $68,000. Finally, Rosenberg Matthew Hamilton acquired a new stake in shares of BlackRock Municipal Income Quality Trust in the second quarter worth $83,000.

BlackRock Municipal Income Quality Trust Stock Down 0.1 %

NYSE BYM traded down $0.01 during trading hours on Wednesday, hitting $11.86. The company had a trading volume of 24,122 shares, compared to its average volume of 54,480. The firm’s 50 day moving average is $11.98 and its 200 day moving average is $11.55. BlackRock Municipal Income Quality Trust has a fifty-two week low of $9.30 and a fifty-two week high of $12.38.

BlackRock Municipal Income Quality Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be paid a dividend of $0.0555 per share. This represents a $0.67 annualized dividend and a yield of 5.62%. The ex-dividend date of this dividend is Tuesday, October 15th.

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.