Nomura Holdings Inc. bought a new stake in BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 34,995 shares of the company's stock, valued at approximately $390,000. Nomura Holdings Inc. owned about 0.20% of BlackRock Investment Quality Municipal Trust at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Nuveen Asset Management LLC acquired a new position in BlackRock Investment Quality Municipal Trust in the fourth quarter valued at approximately $126,000. Logan Stone Capital LLC bought a new stake in shares of BlackRock Investment Quality Municipal Trust during the 4th quarter valued at $1,818,000. Cetera Investment Advisers lifted its stake in shares of BlackRock Investment Quality Municipal Trust by 20.3% in the 4th quarter. Cetera Investment Advisers now owns 64,060 shares of the company's stock valued at $714,000 after purchasing an additional 10,825 shares during the period. Bank of America Corp DE boosted its position in shares of BlackRock Investment Quality Municipal Trust by 20.0% in the 4th quarter. Bank of America Corp DE now owns 306,091 shares of the company's stock worth $3,413,000 after purchasing an additional 51,016 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its position in shares of BlackRock Investment Quality Municipal Trust by 24.9% in the 4th quarter. Ameriprise Financial Inc. now owns 73,011 shares of the company's stock worth $797,000 after purchasing an additional 14,534 shares during the last quarter. Institutional investors own 26.67% of the company's stock.
BlackRock Investment Quality Municipal Trust Trading Up 0.8%
NYSE BKN traded up $0.09 on Tuesday, reaching $10.74. The company had a trading volume of 10,918 shares, compared to its average volume of 57,798. BlackRock Investment Quality Municipal Trust Inc. has a 52 week low of $10.22 and a 52 week high of $13.16. The stock's 50 day moving average is $10.95 and its 200-day moving average is $11.39.
BlackRock Investment Quality Municipal Trust Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th will be given a dividend of $0.057 per share. The ex-dividend date is Thursday, May 15th. This represents a $0.68 annualized dividend and a dividend yield of 6.37%.
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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