LPL Financial LLC boosted its position in BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN - Free Report) by 19.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 197,540 shares of the company's stock after acquiring an additional 32,651 shares during the period. LPL Financial LLC owned about 1.12% of BlackRock Investment Quality Municipal Trust worth $2,203,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the business. NINE MASTS CAPITAL Ltd increased its stake in BlackRock Investment Quality Municipal Trust by 12.8% in the fourth quarter. NINE MASTS CAPITAL Ltd now owns 24,119 shares of the company's stock valued at $269,000 after purchasing an additional 2,728 shares during the last quarter. Signaturefd LLC acquired a new stake in shares of BlackRock Investment Quality Municipal Trust in the fourth quarter worth approximately $52,000. Virtu Financial LLC grew its holdings in BlackRock Investment Quality Municipal Trust by 50.5% in the fourth quarter. Virtu Financial LLC now owns 17,139 shares of the company's stock valued at $191,000 after purchasing an additional 5,749 shares during the period. Van ECK Associates Corp increased its position 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 purchasing an additional 7,764 shares during the last quarter. Finally, Koshinski Asset Management Inc. raised its stake in BlackRock Investment Quality Municipal Trust by 30.4% during the fourth quarter. Koshinski Asset Management Inc. now owns 38,023 shares of the company's stock worth $424,000 after purchasing an additional 8,859 shares during the period. 26.67% of the stock is currently owned by institutional investors and hedge funds.
BlackRock Investment Quality Municipal Trust Stock Down 0.3 %
Shares of NYSE BKN traded down $0.03 during trading on Friday, hitting $10.69. 44,656 shares of the company traded hands, compared to its average volume of 55,445. The company has a 50-day moving average price of $11.32 and a 200-day moving average price of $11.72. BlackRock Investment Quality Municipal Trust Inc. has a 1 year low of $10.22 and a 1 year high of $13.16.
BlackRock Investment Quality Municipal Trust Announces Dividend
The company also recently declared a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be paid a dividend of $0.057 per share. The ex-dividend date is Tuesday, April 15th. This represents a $0.68 annualized dividend and a yield of 6.40%.
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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