Van ECK Associates Corp Has $2.18 Million Holdings in BlackRock Municipal Income Quality Trust (NYSE:BYM)

Van ECK Associates Corp raised its position in BlackRock Municipal Income Quality Trust (NYSE:BYM) by 12.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 194,277 shares of the company’s stock after acquiring an additional 20,913 shares during the period. Van ECK Associates Corp’s holdings in BlackRock Municipal Income Quality Trust were worth $2,178,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Moody National Bank Trust Division acquired a new stake in BlackRock Municipal Income Quality Trust in the fourth quarter valued at approximately $121,000. Simon Quick Advisors LLC grew its stake in BlackRock Municipal Income Quality Trust by 11.7% in the fourth quarter. Simon Quick Advisors LLC now owns 12,262 shares of the company’s stock valued at $137,000 after acquiring an additional 1,284 shares during the period. Raymond James Financial Services Advisors Inc. grew its stake in BlackRock Municipal Income Quality Trust by 12.0% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 19,696 shares of the company’s stock valued at $194,000 after acquiring an additional 2,107 shares during the period. Mackay Shields LLC acquired a new stake in BlackRock Municipal Income Quality Trust in the fourth quarter valued at approximately $287,000. Finally, Raymond James & Associates grew its stake in BlackRock Municipal Income Quality Trust by 6.2% in the fourth quarter. Raymond James & Associates now owns 35,813 shares of the company’s stock valued at $401,000 after acquiring an additional 2,084 shares during the period.

BlackRock Municipal Income Quality Trust Stock Up 1.1 %

Shares of NYSE:BYM opened at $11.25 on Wednesday. BlackRock Municipal Income Quality Trust has a 12-month low of $9.30 and a 12-month high of $11.65. The business’s 50 day moving average is $11.32 and its 200 day moving average is $11.04.

BlackRock Municipal Income Quality Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 15th will be given a dividend of $0.052 per share. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.62 annualized dividend and a dividend yield of 5.55%.

About BlackRock Municipal Income Quality Trust

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.