Stifel Financial Corp Has $572,000 Stock Holdings in BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN)

Stifel Financial Corp reduced its stake in BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN) by 80.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 44,296 shares of the company’s stock after selling 181,255 shares during the quarter. Stifel Financial Corp owned about 0.25% of BlackRock Investment Quality Municipal Trust worth $572,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of BKN. Moloney Securities Asset Management LLC increased its stake in shares of BlackRock Investment Quality Municipal Trust by 8.6% during the second quarter. Moloney Securities Asset Management LLC now owns 12,654 shares of the company’s stock worth $151,000 after purchasing an additional 1,000 shares during the period. Bank of New York Mellon Corp grew its holdings in BlackRock Investment Quality Municipal Trust by 2.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 65,539 shares of the company’s stock valued at $784,000 after buying an additional 1,411 shares in the last quarter. NINE MASTS CAPITAL Ltd increased its position in BlackRock Investment Quality Municipal Trust by 7.5% during the 2nd quarter. NINE MASTS CAPITAL Ltd now owns 21,369 shares of the company’s stock worth $256,000 after buying an additional 1,497 shares during the period. Van ECK Associates Corp lifted its holdings in shares of BlackRock Investment Quality Municipal Trust by 10.3% during the third quarter. Van ECK Associates Corp now owns 98,854 shares of the company’s stock worth $1,260,000 after buying an additional 9,221 shares in the last quarter. Finally, Primoris Wealth Advisors LLC boosted its position in shares of BlackRock Investment Quality Municipal Trust by 22.5% in the second quarter. Primoris Wealth Advisors LLC now owns 54,500 shares of the company’s stock valued at $652,000 after acquiring an additional 10,000 shares during the period. 26.67% of the stock is currently owned by institutional investors and hedge funds.

BlackRock Investment Quality Municipal Trust Stock Down 0.2 %

NYSE:BKN opened at $11.17 on Friday. BlackRock Investment Quality Municipal Trust Inc. has a 52 week low of $11.10 and a 52 week high of $13.16. The firm’s 50-day simple moving average is $12.10 and its 200 day simple moving average is $12.27.

BlackRock Investment Quality Municipal Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a dividend of $0.057 per share. The ex-dividend date is Monday, December 16th. This represents a $0.68 annualized dividend and a dividend yield of 6.12%.

BlackRock Investment Quality Municipal Trust Company 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.