AQR Arbitrage LLC trimmed its stake in shares of BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN - Free Report) by 74.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,304 shares of the company's stock after selling 36,143 shares during the quarter. AQR Arbitrage LLC owned about 0.07% of BlackRock Investment Quality Municipal Trust worth $137,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also made changes to their positions in the stock. Virtu Financial LLC acquired a new position in shares of BlackRock Investment Quality Municipal Trust during the 3rd quarter valued at $147,000. Koshinski Asset Management Inc. boosted its position in shares of BlackRock Investment Quality Municipal Trust by 30.4% during the 4th quarter. Koshinski Asset Management Inc. now owns 38,023 shares of the company's stock valued at $424,000 after purchasing an additional 8,859 shares in the last quarter. Van ECK Associates Corp raised its holdings in shares of BlackRock Investment Quality Municipal Trust by 7.9% in the 4th quarter. Van ECK Associates Corp now owns 106,618 shares of the company's stock worth $1,189,000 after purchasing an additional 7,764 shares in the last quarter. Wolverine Asset Management LLC acquired a new position in BlackRock Investment Quality Municipal Trust in the fourth quarter worth approximately $406,000. Finally, Bank of New York Mellon Corp lifted its position in shares of BlackRock Investment Quality Municipal Trust by 28.3% during the 4th quarter. Bank of New York Mellon Corp now owns 74,589 shares of the company's stock valued at $832,000 after acquiring an additional 16,445 shares during the last quarter. Institutional investors and hedge funds own 26.67% of the company's stock.
BlackRock Investment Quality Municipal Trust Stock Performance
Shares of NYSE BKN traded up $0.02 during mid-day trading on Wednesday, reaching $11.04. The company had a trading volume of 25,605 shares, compared to its average volume of 57,097. The company has a 50-day moving average price of $11.12 and a two-hundred day moving average price of $11.55. BlackRock Investment Quality Municipal Trust Inc. has a 1-year low of $10.22 and a 1-year high of $13.16.
BlackRock Investment Quality Municipal Trust Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.057 per share. The ex-dividend date is Thursday, May 15th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 6.20%.
BlackRock Investment Quality Municipal Trust 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.
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