No insider purchase over the last 90 days. The latest was filed 30 Oct 2024.
Blackrock Municipal Income Quality Trust, classified in the Finance & Banking sector, is a listed company. Its insiders report their share dealings to SEC (Form 4). The last twelve months, up to 18 October 2026, brought 6 filings signed by 5 insiders.
None of the filings is a plain purchase or sale on the open market; they cover grants, option exercises and other movements. Compensation-driven entries like these are tracked, but they say little about how insiders judge the share price.
There has been no open-market purchase by an insider of Blackrock Municipal Income Quality Trust for at least a year. The median gap between a trade and its publication by SEC (Form 4) is 2 days. For comparison, the SEC allows two business days to file a Form 4.
With 6 filings in twelve months, the company is quieter than the median of 19 filings across the 5,814 companies we follow on the same exchange. Looking back to 2022, when coverage begins, insiders filed 2 purchases and no sales.
Other companies in the same sector with recent insider buying flagged by our signals: First Guaranty Bancshares, Inc. and BCB Bancorp Inc. These figures are compiled from regulatory filings published by SEC (Form 4). They describe what insiders did and are not a recommendation.
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
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BlackRock Municipal Income Quality Trust (NYSE: BYM, United States) is a U.S.-listed closed-end investment trust focused on the municipal bond market. Its core objective is to deliver current income exempt from U.S. federal income taxes, including exposure that is also intended to be exempt from the Alternative Minimum Tax. This makes BYM a relevant vehicle for income-oriented investors seeking tax-advantaged municipal bond exposure. The trust is managed by BlackRock, one of the world’s largest asset managers, and draws on the firm’s dedicated municipal fixed-income platform and credit research capabilities.
According to the company’s public filings and fund materials, BYM normally invests at least 80% of its managed assets in municipal bonds exempt from U.S. federal income taxes, and at least 80% in investment-grade municipal bonds at the time of purchase. The trust may allocate up to 20% of managed assets to securities rated below investment grade, or to instruments BlackRock believes are of comparable quality, when the manager sees a favorable risk/reward profile. In practice, this means the fund combines a quality bias with selective flexibility, rather than pursuing a pure high-yield municipal strategy.
The trust was formed in 2002 and is domiciled in the United States. Its fund address is in Wilmington, Delaware, while BlackRock’s service and management presence ties into its New York platform, reflecting the company’s broader U.S. operating footprint. For investors in France, Belgium, and Switzerland, the most important point is that BYM is a U.S. closed-end fund traded on NYSE, not an operating company. Its economics are therefore driven primarily by portfolio composition, leverage policy, distribution management, discount/premium dynamics, and the U.S. municipal credit cycle.
From a competitive standpoint, BYM operates in a crowded but specialized segment of municipal closed-end funds. Differentiation comes from BlackRock’s scale, breadth of sourcing, research on state and local issuers, and the ability to manage duration, credit quality, and sector diversification in a disciplined way. The latest public reporting shows meaningful exposure across counties/cities/special districts, states, corporate-related municipal credits, utilities, transportation, health care, housing, and education. That mix aims to balance yield generation with credit quality.
Recent SEC disclosures also point to a broader BlackRock municipal closed-end fund restructuring activity in 2025, highlighting continued portfolio rationalization and platform management within the franchise. For international investors, BYM remains a straightforward way to access U.S. tax-exempt municipal income, but it should be assessed with attention to interest-rate sensitivity, credit spreads, and the fund’s market price discount or premium versus NAV.
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