Logan Stone Capital LLC Purchases New Position in BlackRock Municipal Income Quality Trust (NYSE:BYM)

Logan Stone Capital LLC acquired a new position in BlackRock Municipal Income Quality Trust (NYSE:BYM) in the fourth quarter, Holdings Channel reports. The fund acquired 127,761 shares of the company’s stock, valued at approximately $1,386,000.

A number of other large investors also recently bought and sold shares of BYM. Hennion & Walsh Asset Management Inc. raised its stake in BlackRock Municipal Income Quality Trust by 33.0% in 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. Simon Quick Advisors LLC bought a new position in BlackRock Municipal Income Quality Trust in the fourth quarter worth approximately $109,000. Indiana Trust & Investment Management Co raised its stake in BlackRock Municipal Income Quality Trust by 1.4% in the fourth quarter. Indiana Trust & Investment Management Co now owns 95,726 shares of the company’s stock worth $1,039,000 after buying an additional 1,316 shares in the last quarter. Van ECK Associates Corp raised its stake 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 buying an additional 12,224 shares in the last quarter. Finally, Wolverine Asset Management LLC raised its stake in 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 worth $232,000 after buying an additional 21,049 shares in the last quarter.

BlackRock Municipal Income Quality Trust Price Performance

Shares of NYSE:BYM opened at $10.70 on Monday. BlackRock Municipal Income Quality Trust has a 52 week low of $10.06 and a 52 week high of $12.38. The firm has a 50 day moving average of $10.68 and a 200 day moving average of $11.05.

BlackRock Municipal Income Quality Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th will be given a dividend of $0.0555 per share. This represents a $0.67 dividend on an annualized basis and a dividend yield of 6.22%. The ex-dividend date is Thursday, May 15th.

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.