Truist Financial Corp Sells 40,034 Shares of BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN)

Truist Financial Corp reduced its position in BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN - Free Report) by 53.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 35,453 shares of the company's stock after selling 40,034 shares during the quarter. Truist Financial Corp owned approximately 0.20% of BlackRock Investment Quality Municipal Trust worth $395,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Virtu Financial LLC bought a new position in shares of BlackRock Investment Quality Municipal Trust during the 3rd quarter worth approximately $147,000. Koshinski Asset Management Inc. lifted its holdings in shares of 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 valued at $424,000 after acquiring an additional 8,859 shares during the period. Van ECK Associates Corp lifted its holdings in shares of 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 valued at $1,189,000 after acquiring an additional 7,764 shares during the period. Finally, Primoris Wealth Advisors LLC lifted its holdings 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 during the last quarter. 26.67% of the stock is owned by institutional investors.

BlackRock Investment Quality Municipal Trust Trading Down 0.6 %

BKN stock traded down $0.07 during trading on Friday, hitting $11.54. 69,261 shares of the stock traded hands, compared to its average volume of 54,442. BlackRock Investment Quality Municipal Trust Inc. has a one year low of $11.01 and a one year high of $13.16. The company has a 50 day simple moving average of $11.48 and a 200 day simple moving average of $12.06.

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BlackRock Investment Quality Municipal Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a $0.057 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.93%. The ex-dividend date of this dividend is Friday, March 14th.

About BlackRock Investment Quality Municipal Trust

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.