Rivernorth Capital Management LLC cut its holdings in shares of BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN - Free Report) by 6.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 960,795 shares of the company's stock after selling 63,871 shares during the period. Rivernorth Capital Management LLC owned approximately 5.45% of BlackRock Investment Quality Municipal Trust worth $12,413,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Van ECK Associates Corp raised its position in shares of BlackRock Investment Quality Municipal Trust by 10.3% during the 3rd quarter. Van ECK Associates Corp now owns 98,854 shares of the company's stock worth $1,260,000 after buying an additional 9,221 shares in the last quarter. Primoris Wealth Advisors LLC boosted its stake in BlackRock Investment Quality Municipal Trust by 78.9% during the 3rd quarter. Primoris Wealth Advisors LLC now owns 97,500 shares of the company's stock valued at $1,260,000 after purchasing an additional 43,000 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in BlackRock Investment Quality Municipal Trust by 2.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 65,539 shares of the company's stock valued at $784,000 after purchasing an additional 1,411 shares in the last quarter. Koshinski Asset Management Inc. increased its position in shares of BlackRock Investment Quality Municipal Trust by 63.3% during the 3rd quarter. Koshinski Asset Management Inc. now owns 29,164 shares of the company's stock valued at $377,000 after purchasing an additional 11,305 shares during the period. Finally, Koss Olinger Consulting LLC bought a new stake in shares of BlackRock Investment Quality Municipal Trust in the 2nd quarter worth $180,000. 26.67% of the stock is owned by institutional investors.
BlackRock Investment Quality Municipal Trust Stock Performance
Shares of NYSE:BKN traded down $0.13 during trading hours on Friday, hitting $11.93. 70,172 shares of the company's stock traded hands, compared to its average volume of 46,822. The company's fifty day simple moving average is $12.40 and its two-hundred day simple moving average is $12.30. BlackRock Investment Quality Municipal Trust Inc. has a 52 week low of $11.32 and a 52 week high of $13.16.
BlackRock Investment Quality Municipal Trust Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued a $0.057 dividend. This represents a $0.68 annualized dividend and a dividend yield of 5.73%. The ex-dividend date is Monday, December 16th.
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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