BlackRock Municipal Income Quality Trust (NYSE:BYM) Shares Acquired by Wolverine Asset Management LLC

Wolverine Asset Management LLC boosted its holdings in BlackRock Municipal Income Quality Trust (NYSE:BYM) by 7,016.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 21,349 shares of the company’s stock after acquiring an additional 21,049 shares during the period. Wolverine Asset Management LLC’s holdings in BlackRock Municipal Income Quality Trust were worth $232,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Hennion & Walsh Asset Management Inc. lifted its position in shares of BlackRock Municipal Income Quality Trust by 33.0% in the 4th 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 during the last quarter. Van ECK Associates Corp lifted its holdings in BlackRock Municipal Income Quality Trust by 6.6% in the fourth quarter. Van ECK Associates Corp now owns 197,605 shares of the company’s stock worth $2,144,000 after acquiring an additional 12,224 shares during the last quarter. Simon Quick Advisors LLC acquired a new position in BlackRock Municipal Income Quality Trust in the fourth quarter valued at approximately $109,000. Fortitude Family Office LLC bought a new position in shares of BlackRock Municipal Income Quality Trust during the third quarter valued at approximately $120,000. Finally, Larson Financial Group LLC raised its position in shares of BlackRock Municipal Income Quality Trust by 225.4% during the 3rd 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 during the period.

BlackRock Municipal Income Quality Trust Price Performance

Shares of NYSE BYM opened at $11.25 on Monday. BlackRock Municipal Income Quality Trust has a 12-month low of $10.65 and a 12-month high of $12.38. The stock’s 50 day simple moving average is $11.07 and its 200 day simple moving average is $11.53.

BlackRock Municipal Income Quality Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be paid a $0.0555 dividend. This represents a $0.67 dividend on an annualized basis and a yield of 5.92%. 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.