Summit Trail Advisors LLC Makes New Investment in BlackRock Municipal Income Quality Trust (NYSE:BYM)

Summit Trail Advisors LLC acquired a new stake in shares of BlackRock Municipal Income Quality Trust (NYSE:BYM) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 11,523 shares of the company’s stock, valued at approximately $129,000.

Several other hedge funds also recently made changes to their positions in the business. Moody National Bank Trust Division purchased a new position in BlackRock Municipal Income Quality Trust in the 4th quarter worth about $121,000. Simon Quick Advisors LLC increased its position in shares of BlackRock Municipal Income Quality Trust by 11.7% in the fourth quarter. Simon Quick Advisors LLC now owns 12,262 shares of the company’s stock worth $137,000 after acquiring an additional 1,284 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of BlackRock Municipal Income Quality Trust by 12.0% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 19,696 shares of the company’s stock worth $194,000 after acquiring an additional 2,107 shares in the last quarter. Mackay Shields LLC purchased a new stake in shares of BlackRock Municipal Income Quality Trust in the 4th quarter valued at approximately $287,000. Finally, Raymond James & Associates boosted its stake in BlackRock Municipal Income Quality Trust by 6.2% in the 4th quarter. Raymond James & Associates now owns 35,813 shares of the company’s stock worth $401,000 after purchasing an additional 2,084 shares during the period.

BlackRock Municipal Income Quality Trust Stock Performance

BYM opened at $11.26 on Friday. The stock has a fifty day moving average of $11.32 and a 200-day moving average of $11.04. BlackRock Municipal Income Quality Trust has a 12-month low of $9.30 and a 12-month high of $11.65.

BlackRock Municipal Income Quality Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 15th will be paid a dividend of $0.052 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 5.54%. The ex-dividend date is Tuesday, May 14th.

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.