BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN - Get Free Report) announced a monthly dividend on Monday, April 1st, Wall Street Journal reports. Shareholders of record on Monday, April 15th will be given a dividend of 0.057 per share on Wednesday, May 1st. This represents a $0.68 dividend on an annualized basis and a yield of 5.59%. The ex-dividend date of this dividend is Friday, April 12th.
BlackRock Investment Quality Municipal Trust Stock Down 1.0 %
BKN stock traded down $0.12 during midday trading on Wednesday, reaching $12.24. The company had a trading volume of 31,217 shares, compared to its average volume of 50,413. BlackRock Investment Quality Municipal Trust has a 1 year low of $9.57 and a 1 year high of $12.69. The company has a 50 day moving average of $12.10 and a two-hundred day moving average of $11.35.
Institutional Investors Weigh In On BlackRock Investment Quality Municipal Trust
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BKN. Comerica Bank bought a new position in shares of BlackRock Investment Quality Municipal Trust during the 3rd quarter valued at $26,000. Susquehanna International Group LLP bought a new position in shares of BlackRock Investment Quality Municipal Trust during the 1st quarter valued at $124,000. JPMorgan Chase & Co. bought a new position in shares of BlackRock Investment Quality Municipal Trust during the 4th quarter valued at $143,000. Royal Bank of Canada raised its holdings in shares of BlackRock Investment Quality Municipal Trust by 15.2% during the 2nd quarter. Royal Bank of Canada now owns 13,643 shares of the company's stock valued at $159,000 after purchasing an additional 1,800 shares in the last quarter. Finally, Kestra Private Wealth Services LLC bought a new position in shares of BlackRock Investment Quality Municipal Trust during the 1st quarter valued at $160,000. Hedge funds and other institutional investors own 26.67% of the company's stock.
BlackRock Investment Quality Municipal Trust Company Profile
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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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