Stifel Financial Corp cut its holdings in shares of BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN - Free Report) by 70.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,100 shares of the company's stock after selling 31,196 shares during the period. Stifel Financial Corp owned about 0.07% of BlackRock Investment Quality Municipal Trust worth $146,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Koshinski Asset Management Inc. increased its holdings in BlackRock Investment Quality Municipal Trust by 30.4% during the 4th quarter. Koshinski Asset Management Inc. now owns 38,023 shares of the company's stock worth $424,000 after purchasing an additional 8,859 shares during the period. Van ECK Associates Corp grew 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 buying an additional 7,764 shares in the last quarter. Wolverine Asset Management LLC acquired a new position in shares of BlackRock Investment Quality Municipal Trust during the fourth quarter worth about $406,000. Bank of New York Mellon Corp increased its stake in shares of BlackRock Investment Quality Municipal Trust by 28.3% during the fourth quarter. Bank of New York Mellon Corp now owns 74,589 shares of the company's stock worth $832,000 after buying an additional 16,445 shares during the period. Finally, Ackerman Capital Advisors LLC acquired a new stake in BlackRock Investment Quality Municipal Trust in the fourth quarter valued at approximately $314,000. 26.67% of the stock is currently owned by hedge funds and other institutional investors.
BlackRock Investment Quality Municipal Trust Trading Down 2.6%
NYSE BKN opened at $10.64 on Thursday. BlackRock Investment Quality Municipal Trust Inc. has a 52 week low of $10.22 and a 52 week high of $13.16. The firm has a 50 day moving average of $10.98 and a two-hundred day moving average of $11.44.
BlackRock Investment Quality Municipal Trust Announces Dividend
The company 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. The ex-dividend date is Thursday, May 15th. This represents a $0.68 annualized dividend and a dividend yield of 6.43%.
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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