Ackerman Capital Advisors LLC Acquires New Position in BlackRock Municipal Income Quality Trust (NYSE:BYM)

Ackerman Capital Advisors LLC acquired a new position in shares of BlackRock Municipal Income Quality Trust (NYSE:BYM) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 16,720 shares of the company’s stock, valued at approximately $181,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Van ECK Associates Corp boosted its stake in shares of BlackRock Municipal Income Quality Trust by 6.6% during the 4th quarter. Van ECK Associates Corp now owns 197,605 shares of the company’s stock worth $2,144,000 after acquiring an additional 12,224 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in BlackRock Municipal Income Quality Trust by 33.0% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 641,301 shares of the company’s stock worth $6,958,000 after purchasing an additional 159,220 shares during the last quarter. Larson Financial Group LLC boosted its position in BlackRock Municipal Income Quality Trust by 225.4% during the third quarter. Larson Financial Group LLC now owns 9,438 shares of the company’s stock worth $114,000 after purchasing an additional 6,538 shares in the last quarter. Simon Quick Advisors LLC purchased a new stake in BlackRock Municipal Income Quality Trust during the fourth quarter worth $109,000. Finally, Fortitude Family Office LLC acquired a new stake in BlackRock Municipal Income Quality Trust in the third quarter valued at $120,000.

BlackRock Municipal Income Quality Trust Stock Down 0.0 %

NYSE:BYM opened at $11.19 on Wednesday. BlackRock Municipal Income Quality Trust has a 52-week low of $10.65 and a 52-week high of $12.38. The stock has a fifty day simple moving average of $11.07 and a 200-day simple moving average of $11.52.

BlackRock Municipal Income Quality Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be issued a dividend of $0.0555 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.67 annualized dividend and a yield of 5.95%.

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.