Horizon Kinetics Asset Management LLC acquired a new stake in BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 42,157 shares of the company's stock, valued at approximately $470,000. Horizon Kinetics Asset Management LLC owned approximately 0.24% of BlackRock Investment Quality Municipal Trust at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of the stock. Signaturefd LLC acquired a new stake in shares of BlackRock Investment Quality Municipal Trust in the fourth quarter valued at approximately $52,000. Virtu Financial LLC bought a new position in BlackRock Investment Quality Municipal Trust in the 3rd quarter valued at $147,000. NINE MASTS CAPITAL Ltd increased its stake in shares of BlackRock Investment Quality Municipal Trust by 12.8% in 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 shares of BlackRock Investment Quality Municipal Trust during the fourth quarter worth $314,000. Finally, Wolverine Asset Management LLC acquired a new position in shares of BlackRock Investment Quality Municipal Trust during the fourth quarter valued at $406,000. 26.67% of the stock is owned by institutional investors.
BlackRock Investment Quality Municipal Trust Price Performance
BKN stock traded up $0.12 during midday trading on Friday, reaching $11.42. The stock had a trading volume of 55,305 shares, compared to its average volume of 53,513. BlackRock Investment Quality Municipal Trust Inc. has a twelve month low of $11.01 and a twelve month high of $13.16. The business has a fifty day simple moving average of $11.49 and a two-hundred day simple moving average of $11.99.
BlackRock Investment Quality Municipal Trust Dividend Announcement
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 5.99%. The ex-dividend date of this dividend is Friday, March 14th.
BlackRock Investment Quality Municipal Trust Company 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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