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

Ackerman Capital Advisors LLC boosted its stake in BlackRock Municipal Income Quality Trust (NYSE:BYM) by 83.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 30,730 shares of the company’s stock after purchasing an additional 14,010 shares during the quarter. Ackerman Capital Advisors LLC’s holdings in BlackRock Municipal Income Quality Trust were worth $331,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Financial Gravity Asset Management Inc. purchased a new stake in BlackRock Municipal Income Quality Trust in the first quarter valued at approximately $36,000. Elequin Capital LP purchased a new stake in shares of BlackRock Municipal Income Quality Trust during the 4th quarter worth about $55,000. Nuveen Asset Management LLC purchased a new stake in shares of BlackRock Municipal Income Quality Trust during the 4th quarter worth about $159,000. Landscape Capital Management L.L.C. purchased a new stake in shares of BlackRock Municipal Income Quality Trust during the 4th quarter worth about $169,000. Finally, Atala Financial Inc grew its holdings in shares of BlackRock Municipal Income Quality Trust by 26.8% during the 1st quarter. Atala Financial Inc now owns 17,261 shares of the company’s stock worth $186,000 after purchasing an additional 3,651 shares during the period.

BlackRock Municipal Income Quality Trust Trading Up 0.9%

Shares of NYSE:BYM opened at $10.51 on Monday. BlackRock Municipal Income Quality Trust has a 1 year low of $10.06 and a 1 year high of $12.38. The stock has a 50-day simple moving average of $10.43 and a 200-day simple moving average of $10.70.

BlackRock Municipal Income Quality Trust Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, August 1st. Stockholders of record on Tuesday, July 15th were issued a dividend of $0.0555 per share. The ex-dividend date was Tuesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%.

About BlackRock Municipal Income Quality Trust

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.