Almitas Capital LLC bought a new position in shares of BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 29,325 shares of the company's stock, valued at approximately $327,000. Almitas Capital LLC owned about 0.17% of BlackRock Investment Quality Municipal Trust as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also recently bought and sold shares of the company. Signaturefd LLC bought a new position in BlackRock Investment Quality Municipal Trust in the 4th quarter valued at approximately $52,000. NewEdge Advisors LLC increased its position in BlackRock Investment Quality Municipal Trust by 17.8% in the 4th quarter. NewEdge Advisors LLC now owns 12,760 shares of the company's stock valued at $142,000 after acquiring an additional 1,925 shares during the period. Northern Trust Corp acquired a new position in shares of BlackRock Investment Quality Municipal Trust during the fourth quarter worth $143,000. Landscape Capital Management L.L.C. acquired a new position in shares of BlackRock Investment Quality Municipal Trust during the fourth quarter worth $144,000. Finally, Virtu Financial LLC acquired a new stake in BlackRock Investment Quality Municipal Trust in the third quarter valued at $147,000. 26.67% of the stock is currently owned by institutional investors.
BlackRock Investment Quality Municipal Trust Trading Up 0.1 %
Shares of NYSE BKN traded up $0.02 during trading on Wednesday, reaching $11.04. The company had a trading volume of 27,640 shares, compared to its average volume of 57,130. The company's fifty day moving average price is $11.12 and its 200-day moving average price is $11.55. BlackRock Investment Quality Municipal Trust Inc. has a 12 month low of $10.22 and a 12 month high of $13.16.
BlackRock Investment Quality Municipal Trust Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th will be paid a $0.057 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 6.20%. The ex-dividend date is Thursday, May 15th.
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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