Virtu Financial LLC Acquires New Position in BlackRock Municipal Income Quality Trust (NYSE:BYM)

Virtu Financial LLC acquired a new stake in BlackRock Municipal Income Quality Trust (NYSE:BYM) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 46,434 shares of the company’s stock, valued at approximately $504,000.

Several other institutional investors and hedge funds have also made changes to their positions in BYM. Hennion & Walsh Asset Management Inc. lifted its position 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 buying an additional 159,220 shares in the last quarter. Raymond James Financial Inc. purchased a new position in BlackRock Municipal Income Quality Trust during the 4th quarter valued at about $688,000. Wolverine Asset Management LLC grew its holdings in shares of BlackRock Municipal Income Quality Trust by 7,016.3% in the fourth quarter. Wolverine Asset Management LLC now owns 21,349 shares of the company’s stock valued at $232,000 after purchasing an additional 21,049 shares in the last quarter. Ackerman Capital Advisors LLC acquired a new position in shares of BlackRock Municipal Income Quality Trust in the fourth quarter worth $181,000. Finally, Atala Financial Inc acquired a new position in BlackRock Municipal Income Quality Trust during the 4th quarter worth $148,000.

BlackRock Municipal Income Quality Trust Stock Performance

BYM stock opened at $10.87 on Wednesday. BlackRock Municipal Income Quality Trust has a fifty-two week low of $10.65 and a fifty-two week high of $12.38. The company’s 50 day moving average price is $11.12 and its 200 day moving average price is $11.38.

BlackRock Municipal Income Quality Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be issued a $0.0555 dividend. This represents a $0.67 annualized dividend and a yield of 6.13%. The ex-dividend date of this dividend is Friday, March 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.