BlackRock Municipal Income Quality Trust (NYSE:BYM) Stock Passes Below 50-Day Moving Average – Here’s Why

Posted by Stanley Muller on May 20th, 2025

BlackRock Municipal Income Quality Trust (NYSE:BYM – Get Free Report) shares passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $10.62 and traded as low as $10.50. BlackRock Municipal Income Quality Trust shares last traded at $10.53, with a volume of 73,516 shares traded.

BlackRock Municipal Income Quality Trust Stock Performance

The stock’s 50 day moving average is $10.62 and its two-hundred day moving average is $11.01.

BlackRock Municipal Income Quality Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th will be given a dividend of $0.0555 per share. This represents a $0.67 annualized dividend and a yield of 6.32%. The ex-dividend date of this dividend is Thursday, May 15th.

Hedge Funds Weigh In On BlackRock Municipal Income Quality Trust

Hedge funds have recently bought and sold shares of the company. Financial Gravity Asset Management Inc. purchased a new position in BlackRock Municipal Income Quality Trust during the first quarter worth $36,000. Elequin Capital LP acquired a new position in shares of BlackRock Municipal Income Quality Trust in the 4th quarter valued at about $55,000. Simon Quick Advisors LLC acquired a new stake in shares of BlackRock Municipal Income Quality Trust in the fourth quarter worth $109,000. Atala Financial Inc acquired a new stake in BlackRock Municipal Income Quality Trust in the 4th quarter valued at $148,000. Finally, Nuveen Asset Management LLC acquired a new stake in shares of BlackRock Municipal Income Quality Trust in the fourth quarter valued at about $159,000.

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.