Atala Financial Inc Boosts Holdings in BlackRock Municipal Income Quality Trust (NYSE:BYM)

Atala Financial Inc lifted its stake in shares of BlackRock Municipal Income Quality Trust (NYSE:BYM) by 26.8% during the first quarter, Holdings Channel reports. The fund owned 17,261 shares of the company’s stock after acquiring an additional 3,651 shares during the period. Atala Financial Inc’s holdings in BlackRock Municipal Income Quality Trust were worth $186,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Merit Financial Group LLC purchased a new position in BlackRock Municipal Income Quality Trust in the first quarter worth approximately $238,000. LM Advisors LLC raised its holdings in shares of BlackRock Municipal Income Quality Trust by 7.7% in the 4th quarter. LM Advisors LLC now owns 170,496 shares of the company’s stock valued at $1,850,000 after purchasing an additional 12,260 shares in the last quarter. Elequin Capital LP purchased a new stake in shares of BlackRock Municipal Income Quality Trust during the 4th quarter worth $55,000. Nomura Holdings Inc. acquired a new position in shares of BlackRock Municipal Income Quality Trust during the fourth quarter worth $381,000. Finally, Nuveen Asset Management LLC purchased a new position in BlackRock Municipal Income Quality Trust in the fourth quarter valued at $159,000.

BlackRock Municipal Income Quality Trust Price Performance

Shares of NYSE BYM opened at $10.40 on Thursday. The stock’s 50-day simple moving average is $10.47 and its 200-day simple moving average is $10.82. BlackRock Municipal Income Quality Trust has a fifty-two week low of $10.06 and a fifty-two week high of $12.38.

BlackRock Municipal Income Quality Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be issued a dividend of $0.0555 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.67 dividend on an annualized basis and a yield of 6.41%.

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.