Stifel Financial Corp cut its holdings in shares of BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN - Free Report) by 80.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 44,296 shares of the company's stock after selling 181,255 shares during the period. Stifel Financial Corp owned approximately 0.25% of BlackRock Investment Quality Municipal Trust worth $572,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Moloney Securities Asset Management LLC raised its position in BlackRock Investment Quality Municipal Trust by 8.6% during the second quarter. Moloney Securities Asset Management LLC now owns 12,654 shares of the company's stock worth $151,000 after acquiring an additional 1,000 shares during the period. Koss Olinger Consulting LLC purchased a new position in BlackRock Investment Quality Municipal Trust in the 2nd quarter valued at about $180,000. NINE MASTS CAPITAL Ltd lifted its stake 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 valued at $256,000 after buying an additional 1,497 shares in the last quarter. Koshinski Asset Management Inc. boosted its holdings 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 buying an additional 11,305 shares during the last quarter. Finally, Primoris Wealth Advisors LLC increased its stake in BlackRock Investment Quality Municipal Trust by 22.5% during the 2nd quarter. Primoris Wealth Advisors LLC now owns 54,500 shares of the company's stock worth $652,000 after buying an additional 10,000 shares in the last quarter. Hedge funds and other institutional investors own 26.67% of the company's stock.
BlackRock Investment Quality Municipal Trust Price Performance
Shares of BlackRock Investment Quality Municipal Trust stock traded down $0.10 during mid-day trading on Friday, reaching $11.07. 266,093 shares of the stock traded hands, compared to its average volume of 50,671. The business has a 50-day moving average of $12.06 and a 200 day moving average of $12.26. BlackRock Investment Quality Municipal Trust Inc. has a fifty-two week low of $11.01 and a fifty-two week high of $13.16.
BlackRock Investment Quality Municipal Trust Dividend Announcement
The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be paid a $0.057 dividend. This represents a $0.68 annualized dividend and a yield of 6.18%. The ex-dividend date is Monday, December 16th.
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.
Featured Articles
Before you consider BlackRock Investment Quality Municipal Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BlackRock Investment Quality Municipal Trust wasn't on the list.
While BlackRock Investment Quality Municipal Trust currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
