Bank of America Corp DE grew its holdings in BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN - Free Report) by 20.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 306,091 shares of the company's stock after purchasing an additional 51,016 shares during the period. Bank of America Corp DE owned about 1.74% of BlackRock Investment Quality Municipal Trust worth $3,413,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Signaturefd LLC bought a new stake in BlackRock Investment Quality Municipal Trust in the 4th quarter worth about $52,000. NewEdge Advisors LLC boosted its holdings in BlackRock Investment Quality Municipal Trust by 17.8% in the fourth quarter. NewEdge Advisors LLC now owns 12,760 shares of the company's stock worth $142,000 after purchasing an additional 1,925 shares during the last quarter. Northern Trust Corp purchased a new stake in BlackRock Investment Quality Municipal Trust in the fourth quarter worth approximately $143,000. Landscape Capital Management L.L.C. bought a new stake in BlackRock Investment Quality Municipal Trust in the 4th quarter worth approximately $144,000. Finally, Virtu Financial LLC raised its stake in BlackRock Investment Quality Municipal Trust by 50.5% during the 4th quarter. Virtu Financial LLC now owns 17,139 shares of the company's stock valued at $191,000 after buying an additional 5,749 shares during 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 NYSE BKN traded down $0.07 during midday trading on Wednesday, hitting $10.71. 44,064 shares of the stock traded hands, compared to its average volume of 58,142. BlackRock Investment Quality Municipal Trust Inc. has a one year low of $10.22 and a one year high of $13.16. The firm has a 50-day moving average of $10.86 and a two-hundred day moving average of $11.33.
BlackRock Investment Quality Municipal Trust Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be given a $0.057 dividend. The ex-dividend date is Friday, June 13th. This represents a $0.68 annualized dividend and a yield of 6.39%.
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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