Clare Market Investments LLC bought a new position in BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 86,080 shares of the company's stock, valued at approximately $960,000. Clare Market Investments LLC owned about 0.49% of BlackRock Investment Quality Municipal Trust as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in BlackRock Investment Quality Municipal Trust during the fourth quarter valued at approximately $759,000. NINE MASTS CAPITAL Ltd raised its holdings in BlackRock Investment Quality Municipal Trust by 12.8% during the 4th quarter. NINE MASTS CAPITAL Ltd now owns 24,119 shares of the company's stock valued at $269,000 after buying an additional 2,728 shares during the period. Ackerman Capital Advisors LLC bought a new stake in BlackRock Investment Quality Municipal Trust in the fourth quarter worth $314,000. Bank of New York Mellon Corp lifted 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 worth $832,000 after buying an additional 16,445 shares during the last quarter. Finally, Wolverine Asset Management LLC purchased a new position in BlackRock Investment Quality Municipal Trust during the fourth quarter worth $406,000. 26.67% of the stock is currently owned by hedge funds and other institutional investors.
BlackRock Investment Quality Municipal Trust Price Performance
Shares of BKN stock traded down $0.07 during trading hours on Thursday, reaching $11.34. 79,434 shares of the stock were exchanged, compared to its average volume of 53,365. BlackRock Investment Quality Municipal Trust Inc. has a 12-month low of $11.01 and a 12-month high of $13.16. The company's 50-day moving average price is $11.50 and its 200-day moving average price is $12.03.
BlackRock Investment Quality Municipal Trust Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a dividend of $0.057 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 6.03%. The ex-dividend date is Friday, March 14th.
BlackRock Investment Quality Municipal Trust Profile
(
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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