BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN) Shares Sold by Capital Investment Advisors LLC

Capital Investment Advisors LLC trimmed its holdings in BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKNGet Rating) by 12.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,050 shares of the company’s stock after selling 1,750 shares during the quarter. Capital Investment Advisors LLC owned 0.07% of BlackRock Investment Quality Municipal Trust worth $164,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Wolverine Asset Management LLC lifted its holdings in BlackRock Investment Quality Municipal Trust by 370.3% in the 1st quarter. Wolverine Asset Management LLC now owns 8,235 shares of the company’s stock valued at $118,000 after acquiring an additional 6,484 shares during the last quarter. Stratos Wealth Partners LTD. lifted its holdings in BlackRock Investment Quality Municipal Trust by 13.2% in the 1st quarter. Stratos Wealth Partners LTD. now owns 77,427 shares of the company’s stock valued at $1,113,000 after acquiring an additional 9,025 shares during the last quarter. Bank of America Corp DE lifted its holdings in BlackRock Investment Quality Municipal Trust by 5.5% in the 4th quarter. Bank of America Corp DE now owns 280,477 shares of the company’s stock valued at $4,866,000 after acquiring an additional 14,593 shares during the last quarter. Avaii Wealth Management LLC acquired a new stake in BlackRock Investment Quality Municipal Trust in the 4th quarter valued at about $212,000. Finally, Koshinski Asset Management Inc. raised its holdings in BlackRock Investment Quality Municipal Trust by 43.5% during the 1st quarter. Koshinski Asset Management Inc. now owns 24,099 shares of the company’s stock worth $347,000 after buying an additional 7,306 shares during the period. 12.26% of the stock is owned by institutional investors and hedge funds.

BlackRock Investment Quality Municipal Trust Stock Performance

NYSE BKN opened at $13.92 on Tuesday. The stock’s 50-day moving average price is $14.95 and its two-hundred day moving average price is $14.76. BlackRock Investment Quality Municipal Trust Inc. has a 1 year low of $13.04 and a 1 year high of $18.72.

BlackRock Investment Quality Municipal Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Thursday, September 15th will be issued a dividend of $0.068 per share. The ex-dividend date is Wednesday, September 14th. This represents a $0.82 annualized dividend and a yield of 5.86%.

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.

See Also

Institutional Ownership by Quarter for BlackRock Investment Quality Municipal Trust (NYSE:BKN)

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