Bank of New York Mellon Corp Has $832,000 Stock Holdings in BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN)

Bank of New York Mellon Corp increased its position in shares of BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN) by 28.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 74,589 shares of the company’s stock after purchasing an additional 16,445 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.42% of BlackRock Investment Quality Municipal Trust worth $832,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Virtu Financial LLC bought a new position in shares of BlackRock Investment Quality Municipal Trust in the third quarter worth about $147,000. Wolverine Asset Management LLC bought a new position in BlackRock Investment Quality Municipal Trust in the fourth quarter valued at approximately $406,000. Koshinski Asset Management Inc. grew its holdings in BlackRock Investment Quality Municipal Trust by 30.4% during the 4th 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 period. Finally, Van ECK Associates Corp raised its position in shares of BlackRock Investment Quality Municipal Trust by 7.9% during the 4th quarter. Van ECK Associates Corp now owns 106,618 shares of the company’s stock valued at $1,189,000 after acquiring an additional 7,764 shares during the last quarter. 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 opened at $11.48 on Wednesday. The business has a fifty day simple moving average of $11.52 and a 200 day simple moving average of $11.96. BlackRock Investment Quality Municipal Trust Inc. has a 12 month low of $11.01 and a 12 month high of $13.16.

BlackRock Investment Quality Municipal Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a dividend of $0.057 per share. The ex-dividend date is Friday, March 14th. This represents a $0.68 dividend on an annualized basis and a yield of 5.96%.

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.