BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN) Shares Purchased by Van ECK Associates Corp

Van ECK Associates Corp increased its holdings in shares of BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN) by 7.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 106,618 shares of the company’s stock after acquiring an additional 7,764 shares during the quarter. Van ECK Associates Corp owned about 0.61% of BlackRock Investment Quality Municipal Trust worth $1,189,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Koshinski Asset Management Inc. boosted its position in BlackRock Investment Quality Municipal Trust by 30.4% during the fourth quarter. Koshinski Asset Management Inc. now owns 38,023 shares of the company’s stock worth $424,000 after acquiring an additional 8,859 shares during the last quarter. Virtu Financial LLC acquired a new position in BlackRock Investment Quality Municipal Trust in the 3rd quarter valued at about $147,000. Finally, Primoris Wealth Advisors LLC boosted its holdings in BlackRock Investment Quality Municipal Trust by 78.9% in the 3rd quarter. Primoris Wealth Advisors LLC now owns 97,500 shares of the company’s stock valued at $1,260,000 after purchasing an additional 43,000 shares during the last quarter. 26.67% of the stock is currently owned by institutional investors and hedge funds.

BlackRock Investment Quality Municipal Trust Trading Up 0.1 %

NYSE:BKN opened at $11.68 on Friday. The company’s 50-day moving average is $11.41 and its two-hundred day moving average is $12.10. BlackRock Investment Quality Municipal Trust Inc. has a 1-year low of $11.01 and a 1-year high of $13.16.

BlackRock Investment Quality Municipal Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be issued a $0.057 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.68 annualized dividend and a yield of 5.86%.

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.