Primoris Wealth Advisors LLC boosted its position in BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN - Free Report) by 78.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 97,500 shares of the company's stock after buying an additional 43,000 shares during the quarter. Primoris Wealth Advisors LLC owned approximately 0.55% of BlackRock Investment Quality Municipal Trust worth $1,260,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of BKN. Moloney Securities Asset Management LLC grew its holdings in shares of BlackRock Investment Quality Municipal Trust by 8.6% in the 2nd quarter. Moloney Securities Asset Management LLC now owns 12,654 shares of the company's stock valued at $151,000 after acquiring an additional 1,000 shares in the last quarter. Koss Olinger Consulting LLC bought a new position in BlackRock Investment Quality Municipal Trust during the 2nd quarter worth $180,000. Simplicity Wealth LLC acquired a new stake in shares of BlackRock Investment Quality Municipal Trust during the second quarter worth $185,000. NINE MASTS CAPITAL Ltd boosted its position in shares of BlackRock Investment Quality Municipal Trust by 7.5% in the second quarter. NINE MASTS CAPITAL Ltd now owns 21,369 shares of the company's stock valued at $256,000 after acquiring an additional 1,497 shares during the period. Finally, Koshinski Asset Management Inc. increased its position in BlackRock Investment Quality Municipal Trust by 63.3% during the third quarter. Koshinski Asset Management Inc. now owns 29,164 shares of the company's stock worth $377,000 after acquiring an additional 11,305 shares during the period. Institutional investors and hedge funds own 26.67% of the company's stock.
BlackRock Investment Quality Municipal Trust Price Performance
BlackRock Investment Quality Municipal Trust stock traded up $0.13 during midday trading on Friday, hitting $12.35. The company's stock had a trading volume of 94,568 shares, compared to its average volume of 38,643. The company has a 50-day moving average price of $12.68 and a two-hundred day moving average price of $12.29. BlackRock Investment Quality Municipal Trust Inc. has a 1-year low of $10.43 and a 1-year high of $13.16.
BlackRock Investment Quality Municipal Trust Dividend Announcement
The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be given a dividend of $0.057 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.68 annualized dividend and a dividend yield of 5.54%.
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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