Bank of New York Mellon Corp Acquires 1,411 Shares of BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN)

Bank of New York Mellon Corp raised its stake in shares of BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN) by 2.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 65,539 shares of the company’s stock after buying an additional 1,411 shares during the period. Bank of New York Mellon Corp owned about 0.37% of BlackRock Investment Quality Municipal Trust worth $784,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Robinson Capital Management LLC boosted its stake in shares of BlackRock Investment Quality Municipal Trust by 3.9% in the first quarter. Robinson Capital Management LLC now owns 262,334 shares of the company’s stock worth $3,156,000 after acquiring an additional 9,824 shares during the period. Cetera Advisors LLC increased its stake in BlackRock Investment Quality Municipal Trust by 4.9% in the 1st quarter. Cetera Advisors LLC now owns 54,551 shares of the company’s stock worth $677,000 after buying an additional 2,562 shares during the period. Primoris Wealth Advisors LLC increased its holdings in BlackRock Investment Quality Municipal Trust by 15.6% during the 1st quarter. Primoris Wealth Advisors LLC now owns 44,500 shares of the company’s stock worth $552,000 after purchasing an additional 6,000 shares during the period. Simplicity Wealth LLC bought a new stake in shares of BlackRock Investment Quality Municipal Trust in the second quarter valued at about $185,000. Finally, Beacon Pointe Advisors LLC purchased a new position in BlackRock Investment Quality Municipal Trust during the fourth quarter valued at approximately $145,000. Institutional investors own 26.67% of the company’s stock.

BlackRock Investment Quality Municipal Trust Stock Down 0.3 %

Shares of BlackRock Investment Quality Municipal Trust stock opened at $12.66 on Monday. BlackRock Investment Quality Municipal Trust Inc. has a 52-week low of $9.57 and a 52-week high of $13.08. The firm’s 50 day moving average price is $12.37 and its 200-day moving average price is $12.18.

BlackRock Investment Quality Municipal Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be issued a $0.057 dividend. This represents a $0.68 annualized dividend and a dividend yield of 5.40%. The ex-dividend date of this dividend is Tuesday, October 15th.

BlackRock Investment Quality Municipal Trust Profile

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.