BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN - Get Free Report)'s stock price was down 0.3% on Wednesday . The company traded as low as $12.25 and last traded at $12.31. Approximately 72,380 shares were traded during trading, an increase of 56% from the average daily volume of 46,483 shares. The stock had previously closed at $12.35.
BlackRock Investment Quality Municipal Trust Trading Down 0.9 %
The firm's fifty day simple moving average is $12.48 and its 200-day simple moving average is $12.29.
BlackRock Investment Quality Municipal Trust Dividend Announcement
The company also recently announced a monthly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were paid a dividend of $0.057 per share. This represents a $0.68 dividend on an annualized basis and a yield of 5.61%. The ex-dividend date was Friday, November 15th.
Hedge Funds Weigh In On BlackRock Investment Quality Municipal Trust
Several hedge funds and other institutional investors have recently bought and sold shares of BKN. Cetera Advisors LLC raised its position in shares of BlackRock Investment Quality Municipal Trust by 4.9% in the 1st quarter. Cetera Advisors LLC now owns 54,551 shares of the company's stock worth $677,000 after acquiring an additional 2,562 shares in the last quarter. Simplicity Wealth LLC bought a new stake in BlackRock Investment Quality Municipal Trust in the second quarter worth approximately $185,000. Bank of New York Mellon Corp lifted its stake in BlackRock Investment Quality Municipal Trust by 2.2% in the second quarter. Bank of New York Mellon Corp now owns 65,539 shares of the company's stock valued at $784,000 after buying an additional 1,411 shares during the period. Moloney Securities Asset Management LLC boosted its holdings in shares of BlackRock Investment Quality Municipal Trust by 8.6% during the 2nd quarter. Moloney Securities Asset Management LLC now owns 12,654 shares of the company's stock worth $151,000 after buying an additional 1,000 shares in the last quarter. Finally, Primoris Wealth Advisors LLC grew its position in shares of BlackRock Investment Quality Municipal Trust by 22.5% during the 2nd quarter. Primoris Wealth Advisors LLC now owns 54,500 shares of the company's stock worth $652,000 after buying an additional 10,000 shares during the period. Institutional investors and hedge funds own 26.67% of the company's stock.
About BlackRock Investment Quality Municipal Trust
(
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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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