AQR Arbitrage LLC lessened its position 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 (SEC). The fund owned 12,304 shares of the company's stock after selling 36,143 shares during the period. AQR Arbitrage LLC owned 0.07% of BlackRock Investment Quality Municipal Trust worth $137,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in the business. Signaturefd LLC purchased a new position in shares of BlackRock Investment Quality Municipal Trust in the fourth quarter valued at $52,000. NewEdge Advisors LLC increased its position in shares of BlackRock Investment Quality Municipal Trust by 17.8% during the 4th quarter. NewEdge Advisors LLC now owns 12,760 shares of the company's stock valued at $142,000 after purchasing an additional 1,925 shares during the last quarter. Northern Trust Corp bought a new position in shares of BlackRock Investment Quality Municipal Trust during the 4th quarter valued at $143,000. Landscape Capital Management L.L.C. purchased a new position in shares of BlackRock Investment Quality Municipal Trust in the fourth quarter worth about $144,000. Finally, Virtu Financial LLC bought a new position in shares of BlackRock Investment Quality Municipal Trust in the third quarter worth approximately $147,000. 26.67% of the stock is owned by hedge funds and other institutional investors.
BlackRock Investment Quality Municipal Trust Stock Up 0.4 %
Shares of NYSE BKN traded up $0.04 during trading hours on Friday, hitting $10.98. The company's stock had a trading volume of 58,544 shares, compared to its average volume of 57,243. The business has a 50-day simple moving average of $11.15 and a 200-day simple moving average of $11.56. 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 Dividend Announcement
The company also recently announced a monthly dividend, which was paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th were issued a dividend of $0.057 per share. The ex-dividend date was Tuesday, April 15th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 6.23%.
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.
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