BlackRock Municipal Income Quality Trust (NYSE:BYM) Shares Pass Below 50 Day Moving Average – Should You Sell?

by · The Cerbat Gem

BlackRock Municipal Income Quality Trust (NYSE:BYM – Get Free Report) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $10.98 and traded as low as $10.83. BlackRock Municipal Income Quality Trust shares last traded at $10.83, with a volume of 63,990 shares changing hands.

BlackRock Municipal Income Quality Trust Trading Down 0.5%

The stock has a 50-day simple moving average of $10.98 and a two-hundred day simple moving average of $10.66.

BlackRock Municipal Income Quality Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 14th will be paid a $0.0555 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a c) dividend on an annualized basis and a yield of 6.1%.

Institutional Investors Weigh In On BlackRock Municipal Income Quality Trust

Several large investors have recently modified their holdings of the business. Advisory Services Network LLC purchased a new stake in shares of BlackRock Municipal Income Quality Trust in the 3rd quarter worth approximately $30,000. Citadel Advisors LLC bought a new position in BlackRock Municipal Income Quality Trust in the third quarter worth approximately $292,000. Ameriprise Financial Inc. raised its stake in BlackRock Municipal Income Quality Trust by 171.9% in the third quarter. Ameriprise Financial Inc. now owns 95,544 shares of the company’s stock worth $1,046,000 after buying an additional 60,401 shares in the last quarter. UBS Group AG lifted its holdings in BlackRock Municipal Income Quality Trust by 16.2% during the third quarter. UBS Group AG now owns 93,637 shares of the company’s stock worth $1,025,000 after buying an additional 13,056 shares during the period. Finally, Van ECK Associates Corp lifted its holdings in BlackRock Municipal Income Quality Trust by 5.8% during the third quarter. Van ECK Associates Corp now owns 188,685 shares of the company’s stock worth $2,066,000 after buying an additional 10,308 shares during the period.

About BlackRock Municipal Income Quality Trust

(Get Free Report)

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.

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