Stifel Financial Corp lowered its holdings in BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN - Free Report) by 70.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund 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 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Primoris Wealth Advisors LLC lifted its holdings in BlackRock Investment Quality Municipal Trust by 1.5% during the 4th quarter. Primoris Wealth Advisors LLC now owns 99,000 shares of the company's stock worth $1,104,000 after buying an additional 1,500 shares during the last quarter. NewEdge Advisors LLC raised its position in shares of BlackRock Investment Quality Municipal Trust by 17.8% during the 4th quarter. NewEdge Advisors LLC now owns 12,760 shares of the company's stock worth $142,000 after purchasing an additional 1,925 shares during the period. NINE MASTS CAPITAL Ltd raised its position in shares of BlackRock Investment Quality Municipal Trust by 12.8% during the 4th quarter. NINE MASTS CAPITAL Ltd now owns 24,119 shares of the company's stock worth $269,000 after purchasing an additional 2,728 shares during the period. Wells Fargo & Company MN raised its position in shares of BlackRock Investment Quality Municipal Trust by 17.1% during the 4th quarter. Wells Fargo & Company MN now owns 18,791 shares of the company's stock worth $210,000 after purchasing an additional 2,750 shares during the period. Finally, Signaturefd LLC acquired a new stake in shares of BlackRock Investment Quality Municipal Trust during the 4th quarter worth approximately $52,000. Hedge funds and other institutional investors own 26.67% of the company's stock.
BlackRock Investment Quality Municipal Trust Stock Down 0.2%
Shares of BlackRock Investment Quality Municipal Trust stock traded down $0.02 on Monday, reaching $10.96. 19,386 shares of the company were exchanged, compared to its average volume of 58,067. The company's 50-day moving average is $11.01 and its two-hundred day moving average is $11.45. BlackRock Investment Quality Municipal Trust Inc. has a 1-year low of $10.22 and a 1-year high of $13.16.
BlackRock Investment Quality Municipal Trust Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Monday, June 2nd. Investors of record on Thursday, May 15th will be given a $0.057 dividend. This represents a $0.68 annualized dividend and a yield of 6.24%. The ex-dividend date is Thursday, May 15th.
BlackRock Investment Quality Municipal Trust Company 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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