Ackerman Capital Advisors LLC Invests $181,000 in BlackRock Municipal Income Quality Trust (NYSE:BYM)

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

Several other hedge funds have also recently added to or reduced their stakes in BYM. Fortitude Family Office LLC purchased a new stake in shares of BlackRock Municipal Income Quality Trust in the 3rd quarter valued at approximately $120,000. Pathway Financial Advisers LLC grew its stake in shares of 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 worth $71,000 after purchasing an additional 5,399 shares in the last quarter. Larson Financial Group LLC grew its stake in shares of 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. Hennion & Walsh Asset Management Inc. increased its holdings in BlackRock Municipal Income Quality Trust by 33.0% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 641,301 shares of the company’s stock valued at $6,958,000 after buying an additional 159,220 shares during the last quarter. Finally, Simon Quick Advisors LLC acquired a new stake in BlackRock Municipal Income Quality Trust in the fourth quarter valued at $109,000.

BlackRock Municipal Income Quality Trust Stock Down 0.0 %

Shares of NYSE BYM opened at $11.19 on Wednesday. BlackRock Municipal Income Quality Trust has a 1 year low of $10.65 and a 1 year high of $12.38. The business has a 50-day moving average of $11.07 and a two-hundred day 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. Investors of record on Friday, February 14th will be paid a dividend of $0.0555 per share. This represents a $0.67 annualized dividend and a yield of 5.95%. The ex-dividend date of this dividend is Friday, February 14th.

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.