Raymond James Financial Inc. acquired a new stake in shares of BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 68,061 shares of the company's stock, valued at approximately $759,000. Raymond James Financial Inc. owned 0.39% of BlackRock Investment Quality Municipal Trust as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently bought and sold shares of the company. NINE MASTS CAPITAL Ltd grew its holdings in shares of BlackRock Investment Quality Municipal Trust by 12.8% in the 4th quarter. NINE MASTS CAPITAL Ltd now owns 24,119 shares of the company's stock valued at $269,000 after buying an additional 2,728 shares during the period. Wells Fargo & Company MN grew its stake in BlackRock Investment Quality Municipal Trust by 17.1% in the fourth quarter. Wells Fargo & Company MN now owns 18,791 shares of the company's stock valued at $210,000 after acquiring an additional 2,750 shares during the period. Signaturefd LLC acquired a new position in BlackRock Investment Quality Municipal Trust in the fourth quarter valued at about $52,000. Virtu Financial LLC raised its position in shares of BlackRock Investment Quality Municipal Trust by 50.5% during the fourth quarter. Virtu Financial LLC now owns 17,139 shares of the company's stock worth $191,000 after purchasing an additional 5,749 shares during the period. Finally, Van ECK Associates Corp raised its position in shares of BlackRock Investment Quality Municipal Trust by 7.9% during the fourth quarter. Van ECK Associates Corp now owns 106,618 shares of the company's stock worth $1,189,000 after purchasing an additional 7,764 shares during the period. Institutional investors own 26.67% of the company's stock.
BlackRock Investment Quality Municipal Trust Price Performance
Shares of BKN traded up $0.07 on Friday, hitting $11.01. The company's stock had a trading volume of 38,961 shares, compared to its average volume of 57,694. The firm's fifty day moving average price is $11.07 and its 200-day moving average price is $11.52. BlackRock Investment Quality Municipal Trust Inc. has a fifty-two week low of $10.22 and a fifty-two week high of $13.16.
BlackRock Investment Quality Municipal Trust Dividend Announcement
The business also recently disclosed 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. This represents a $0.68 annualized dividend and a dividend yield of 6.21%. The ex-dividend date is Thursday, May 15th.
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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