Nomura Holdings Inc. Invests $390,000 in BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN)

Nomura Holdings Inc. acquired a new stake in BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 34,995 shares of the company's stock, valued at approximately $390,000. Nomura Holdings Inc. owned 0.20% of BlackRock Investment Quality Municipal Trust at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Bank of America Corp DE raised its holdings in 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 valued at $3,413,000 after buying an additional 51,016 shares during the period. LPL Financial LLC raised its holdings in BlackRock Investment Quality Municipal Trust by 19.8% in 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. Logan Stone Capital LLC purchased a new stake in BlackRock Investment Quality Municipal Trust in the 4th quarter valued at about $1,818,000. Van ECK Associates Corp raised its holdings in BlackRock Investment Quality Municipal Trust by 7.9% in the 4th quarter. Van ECK Associates Corp now owns 106,618 shares of the company's stock valued at $1,189,000 after buying an additional 7,764 shares during the period. Finally, Primoris Wealth Advisors LLC raised its holdings in BlackRock Investment Quality Municipal Trust by 1.5% in the 4th quarter. Primoris Wealth Advisors LLC now owns 99,000 shares of the company's stock valued at $1,104,000 after buying an additional 1,500 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

NYSE BKN traded up $0.11 during trading on Tuesday, hitting $10.76. The stock had a trading volume of 56,662 shares, compared to its average volume of 57,975. The firm has a 50 day moving average price of $10.94 and a 200 day moving average price of $11.39. BlackRock Investment Quality Municipal Trust Inc. has a twelve month low of $10.22 and a twelve month high of $13.16.

BlackRock Investment Quality Municipal Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th will be given a $0.057 dividend. This represents a $0.68 annualized dividend and a yield of 6.35%. The ex-dividend date of this dividend is Thursday, May 15th.

BlackRock Investment Quality Municipal Trust Profile

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.