BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN - Get Free Report) saw a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 15,400 shares, a decline of 41.7% from the February 13th total of 26,400 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 73,200 shares, the short-interest ratio is currently 0.2 days.
BlackRock Investment Quality Municipal Trust Price Performance
NYSE:BKN traded down $0.06 during mid-day trading on Wednesday, hitting $11.21. The company's stock had a trading volume of 114,213 shares, compared to its average volume of 51,951. The business's fifty day moving average is $11.49 and its two-hundred day moving average is $12.00. BlackRock Investment Quality Municipal Trust has a 1 year low of $11.01 and a 1 year high of $13.16.
BlackRock Investment Quality Municipal Trust Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a $0.057 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 6.10%.
Institutional Trading of BlackRock Investment Quality Municipal Trust
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Virtu Financial LLC purchased a new stake in BlackRock Investment Quality Municipal Trust in the 3rd quarter worth approximately $147,000. Koshinski Asset Management Inc. lifted its stake in shares of BlackRock Investment Quality Municipal Trust by 30.4% in the 4th quarter. Koshinski Asset Management Inc. now owns 38,023 shares of the company's stock valued at $424,000 after purchasing an additional 8,859 shares during the period. Van ECK Associates Corp boosted its holdings in BlackRock Investment Quality Municipal Trust by 7.9% during the fourth quarter. Van ECK Associates Corp now owns 106,618 shares of the company's stock worth $1,189,000 after buying an additional 7,764 shares in the last quarter. Wolverine Asset Management LLC acquired a new stake in BlackRock Investment Quality Municipal Trust during the fourth quarter valued at $406,000. Finally, Bank of New York Mellon Corp increased its holdings 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 buying an additional 16,445 shares in the last quarter. 26.67% of the stock is owned by institutional investors and hedge funds.
About BlackRock Investment Quality Municipal Trust
(
Get 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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