Hennion & Walsh Asset Management Inc. acquired a new stake in BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 156,911 shares of the company's stock, valued at approximately $1,803,000. Hennion & Walsh Asset Management Inc. owned 0.89% of BlackRock Investment Quality Municipal Trust as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of BKN. Elequin Capital LP purchased a new stake in shares of BlackRock Investment Quality Municipal Trust during the fourth quarter valued at $47,000. Signaturefd LLC purchased a new stake in shares of BlackRock Investment Quality Municipal Trust during the fourth quarter valued at $52,000. Nuveen Asset Management LLC purchased a new stake in shares of BlackRock Investment Quality Municipal Trust during the fourth quarter valued at $126,000. NewEdge Advisors LLC lifted its holdings in shares of BlackRock Investment Quality Municipal Trust by 17.8% during the fourth 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. Finally, Northern Trust Corp purchased a new stake in shares of BlackRock Investment Quality Municipal Trust during the fourth quarter valued at $143,000. Institutional investors and hedge funds own 26.67% of the company's stock.
BlackRock Investment Quality Municipal Trust Trading Down 0.2%
Shares of NYSE BKN traded down $0.02 during mid-day trading on Friday, hitting $10.67. 85,472 shares of the company traded hands, compared to its average volume of 58,322. BlackRock Investment Quality Municipal Trust Inc. has a 1 year low of $10.22 and a 1 year high of $13.16. The business has a 50 day moving average of $10.83 and a two-hundred day moving average of $11.31.
BlackRock Investment Quality Municipal Trust Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be issued a dividend of $0.057 per share. This represents a $0.68 annualized dividend and a dividend yield of 6.41%. The ex-dividend date of this dividend is Friday, June 13th.
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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