Rivernorth Capital Management LLC Sells 87,660 Shares of BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN)

Rivernorth Capital Management LLC trimmed its holdings in shares of BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN - Free Report) by 8.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 937,006 shares of the company's stock after selling 87,660 shares during the period. Rivernorth Capital Management LLC owned approximately 5.32% of BlackRock Investment Quality Municipal Trust worth $12,106,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Moloney Securities Asset Management LLC increased its position in 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 worth $151,000 after purchasing an additional 1,000 shares during the last quarter. Koss Olinger Consulting LLC acquired a new position in BlackRock Investment Quality Municipal Trust in the 2nd quarter worth about $180,000. Simplicity Wealth LLC acquired a new position in BlackRock Investment Quality Municipal Trust in the 2nd quarter worth about $185,000. NINE MASTS CAPITAL Ltd increased its position in BlackRock Investment Quality Municipal Trust by 7.5% in the 2nd quarter. NINE MASTS CAPITAL Ltd now owns 21,369 shares of the company's stock worth $256,000 after purchasing an additional 1,497 shares during the last quarter. Finally, Koshinski Asset Management Inc. increased its position in BlackRock Investment Quality Municipal Trust by 63.3% in the 3rd quarter. Koshinski Asset Management Inc. now owns 29,164 shares of the company's stock worth $377,000 after purchasing an additional 11,305 shares during the last quarter. 26.67% of the stock is owned by institutional investors and hedge funds.

BlackRock Investment Quality Municipal Trust Price Performance

NYSE:BKN traded down $0.06 during mid-day trading on Thursday, hitting $12.25. 38,131 shares of the company's stock traded hands, compared to its average volume of 46,418. The firm has a 50 day moving average of $12.49 and a two-hundred day moving average of $12.29. BlackRock Investment Quality Municipal Trust Inc. has a 12 month low of $11.30 and a 12 month high of $13.16.

BlackRock Investment Quality Municipal Trust Announces Dividend

The business also recently announced a monthly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were issued a $0.057 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.58%.

BlackRock Investment Quality Municipal Trust Profile

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.