Harris Stayce D., a director at BlackRock (NYSE:BLK) Municipal Income Quality Trust (NYSE:BYM), has purchased 10 shares of the company's common stock. The transaction, which took place on October 29, 2024, was executed at a price of $11.355 per share, amounting to a total of $113. This acquisition brings Harris Stayce D.'s total holdings to 10 shares, as per the recent SEC filing. The purchase was made directly, with no equity swap involved.
InvestingPro Insights
Following the recent insider purchase by director Harris Stayce D., investors may find additional context in BlackRock Municipal Income Quality Trust's (NYSE:BYM) current financial metrics and market performance. According to InvestingPro data, BYM has a market capitalization of $295.82 million and trades at a P/E ratio of 22.69, suggesting a moderate valuation relative to earnings.
One notable InvestingPro Tip indicates that BYM has maintained dividend payments for 23 consecutive years, which may be particularly relevant to income-focused investors considering municipal bond funds. This consistent dividend history aligns with the trust's current attractive dividend yield of 5.85%, based on the most recent ex-dividend date of October 15, 2024.
Another InvestingPro Tip reveals that the stock generally trades with low price volatility, which could be appealing to risk-averse investors seeking stable municipal bond exposure. This characteristic is reflected in the trust's recent price movements, with a modest 1-year price total return of 27.54% and a year-to-date return of 6.25%.
For those interested in a more comprehensive analysis, InvestingPro offers additional tips and insights that could further inform investment decisions regarding BYM.
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