Virtu Financial LLC Invests $504,000 in BlackRock Municipal Income Quality Trust (NYSE:BYM)

Virtu Financial LLC purchased a new stake in BlackRock Municipal Income Quality Trust (NYSE:BYM) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 46,434 shares of the company’s stock, valued at approximately $504,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Larson Financial Group LLC increased its stake in BlackRock Municipal Income Quality Trust by 225.4% in the third quarter. Larson Financial Group LLC now owns 9,438 shares of the company’s stock valued at $114,000 after purchasing an additional 6,538 shares during the period. Hennion & Walsh Asset Management Inc. grew its holdings in shares of 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 during the last quarter. Simon Quick Advisors LLC acquired a new position in BlackRock Municipal Income Quality Trust in the 4th quarter valued at about $109,000. Indiana Trust & Investment Management Co raised its stake in BlackRock Municipal Income Quality Trust by 1.4% during the 4th quarter. Indiana Trust & Investment Management Co now owns 95,726 shares of the company’s stock valued at $1,039,000 after acquiring an additional 1,316 shares during the last quarter. Finally, Van ECK Associates Corp lifted its holdings in shares of BlackRock Municipal Income Quality Trust by 6.6% during the fourth quarter. Van ECK Associates Corp now owns 197,605 shares of the company’s stock worth $2,144,000 after purchasing an additional 12,224 shares during the period.

BlackRock Municipal Income Quality Trust Stock Performance

BYM stock opened at $10.87 on Wednesday. BlackRock Municipal Income Quality Trust has a one year low of $10.65 and a one year high of $12.38. The company has a fifty day moving average of $11.12 and a 200-day moving average of $11.38.

BlackRock Municipal Income Quality Trust Dividend Announcement

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

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.