Raymond James Financial Inc. purchased a new stake in BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 68,061 shares of the company's stock, valued at approximately $759,000. Raymond James Financial Inc. owned about 0.39% of BlackRock Investment Quality Municipal Trust as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in the stock. Wolverine Asset Management LLC purchased a new stake in BlackRock Investment Quality Municipal Trust during the fourth quarter worth approximately $406,000. Ackerman Capital Advisors LLC purchased a new stake in BlackRock Investment Quality Municipal Trust during the 4th quarter worth $314,000. Van ECK Associates Corp increased its holdings in BlackRock Investment Quality Municipal Trust by 7.9% in the 4th quarter. Van ECK Associates Corp now owns 106,618 shares of the company's stock valued at $1,189,000 after purchasing an additional 7,764 shares in the last quarter. Bank of New York Mellon Corp raised its position in BlackRock Investment Quality Municipal Trust by 28.3% in the fourth quarter. Bank of New York Mellon Corp now owns 74,589 shares of the company's stock valued at $832,000 after purchasing an additional 16,445 shares during the period. Finally, Virtu Financial LLC acquired a new position in shares of BlackRock Investment Quality Municipal Trust during the third quarter worth about $147,000. 26.67% of the stock is owned by hedge funds and other institutional investors.
BlackRock Investment Quality Municipal Trust Price Performance
Shares of BKN stock traded down $0.22 during trading hours on Thursday, reaching $10.47. The company had a trading volume of 57,774 shares, compared to its average volume of 54,699. BlackRock Investment Quality Municipal Trust Inc. has a twelve month low of $10.22 and a twelve month high of $13.16. The stock's fifty day simple moving average is $11.45 and its 200 day simple moving average is $11.82.
BlackRock Investment Quality Municipal Trust Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be given a $0.057 dividend. This represents a $0.68 annualized dividend and a yield of 6.54%. The ex-dividend date is Tuesday, April 15th.
About BlackRock Investment Quality Municipal Trust
(
Free Report)
BlackRock Investment Quality Municipal Trust Inc is a closed ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It invests primarily in investment grade municipal bonds municipal obligations exempt from federal income taxes.
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