BlackRock Municipal Income Quality Trust (BYM) To Go Ex-Dividend on December 22nd

BlackRock Municipal Income Quality Trust (NYSE:BYM) declared a monthly dividend on Friday, December 12th. Investors of record on Monday, December 22nd will be given a dividend of 0.0555 per share on Wednesday, December 31st. This represents a c) annualized dividend and a dividend yield of 6.1%. The ex-dividend date of this dividend is Monday, December 22nd.

BlackRock Municipal Income Quality Trust Stock Down 0.1%

NYSE BYM traded down $0.01 during trading hours on Friday, hitting $10.91. The company had a trading volume of 98,523 shares, compared to its average volume of 94,398. The firm’s 50 day moving average is $10.96 and its 200 day moving average is $10.72. BlackRock Municipal Income Quality Trust has a fifty-two week low of $10.06 and a fifty-two week high of $11.51.

Hedge Funds Weigh In On BlackRock Municipal Income Quality Trust

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Goldman Sachs Group Inc. acquired a new position in BlackRock Municipal Income Quality Trust in the 1st quarter worth $408,000. Allworth Financial LP bought a new position in BlackRock Municipal Income Quality Trust during the second quarter valued at about $103,000. Landscape Capital Management L.L.C. grew its holdings in BlackRock Municipal Income Quality Trust by 171.1% during the first quarter. Landscape Capital Management L.L.C. now owns 42,337 shares of the company’s stock worth $456,000 after acquiring an additional 26,721 shares during the period. Wolverine Asset Management LLC raised its position in BlackRock Municipal Income Quality Trust by 47.6% in the second quarter. Wolverine Asset Management LLC now owns 24,809 shares of the company’s stock worth $262,000 after acquiring an additional 8,006 shares in the last quarter. Finally, Westchester Capital Management LLC bought a new stake in BlackRock Municipal Income Quality Trust in the first quarter worth about $1,049,000.

About BlackRock Municipal Income Quality Trust

BlackRock Municipal Income Quality Trust (NYSE:BYM) is a non-diversified, closed-end management investment company that primarily invests in investment grade municipal debt obligations. The trust’s objective is to provide current income exempt from federal income taxes, with a secondary emphasis on preserving capital. It achieves this by allocating its assets among a diversified portfolio of municipal bonds, variable rate demand notes and other municipal-related securities issued by U.S. state and local governments and their agencies.

Managed by BlackRock Fund Advisors, part of BlackRock, Inc, BYM leverages the firm’s extensive municipal bond research and credit analysis capabilities.