Hennion & Walsh Asset Management Inc. purchased a new position in BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 156,911 shares of the company's stock, valued at approximately $1,803,000. Hennion & Walsh Asset Management Inc. owned about 0.89% of BlackRock Investment Quality Municipal Trust at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in shares of BlackRock Investment Quality Municipal Trust during the 4th quarter valued at about $759,000. Ameriprise Financial Inc. raised its holdings in shares of BlackRock Investment Quality Municipal Trust by 24.9% during the 4th quarter. Ameriprise Financial Inc. now owns 73,011 shares of the company's stock valued at $797,000 after buying an additional 14,534 shares during the period. Bank of America Corp DE raised its holdings in shares of BlackRock Investment Quality Municipal Trust by 20.0% during the 4th quarter. Bank of America Corp DE now owns 306,091 shares of the company's stock valued at $3,413,000 after buying an additional 51,016 shares during the period. LPL Financial LLC raised its holdings in shares of BlackRock Investment Quality Municipal Trust by 19.8% during the 4th quarter. LPL Financial LLC now owns 197,540 shares of the company's stock valued at $2,203,000 after buying an additional 32,651 shares during the period. Finally, Cetera Investment Advisers raised its holdings in shares of BlackRock Investment Quality Municipal Trust by 20.3% during the 4th quarter. Cetera Investment Advisers now owns 64,060 shares of the company's stock valued at $714,000 after buying an additional 10,825 shares during the period. 26.67% of the stock is currently owned by hedge funds and other institutional investors.
BlackRock Investment Quality Municipal Trust Stock Performance
Shares of NYSE:BKN traded up $0.04 during mid-day trading on Monday, hitting $10.73. 12,561 shares of the company traded hands, compared to its average volume of 58,203. BlackRock Investment Quality Municipal Trust Inc. has a 52-week low of $10.22 and a 52-week high of $13.16. The firm's 50 day simple moving average is $10.83 and its 200 day simple moving average is $11.31.
BlackRock Investment Quality Municipal Trust Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be paid a dividend of $0.057 per share. This represents a $0.68 annualized dividend and a dividend yield of 6.37%. 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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