Van ECK Associates Corp Sells 2,488 Shares of BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN)

Van ECK Associates Corp lessened its holdings in BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN – Get Rating) by 5.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 42,780 shares of the company’s stock after selling 2,488 shares during the quarter. Van ECK Associates Corp owned 0.25% of BlackRock Investment Quality Municipal Trust worth $536,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in BKN. Guggenheim Capital LLC raised its position in BlackRock Investment Quality Municipal Trust by 12.4% in the 1st quarter. Guggenheim Capital LLC now owns 214,721 shares of the company’s stock worth $3,088,000 after purchasing an additional 23,646 shares during the period. Bank of America Corp DE raised its position in BlackRock Investment Quality Municipal Trust by 8.3% in the 1st quarter. Bank of America Corp DE now owns 303,839 shares of the company’s stock worth $4,369,000 after purchasing an additional 23,362 shares during the period. LPL Financial LLC raised its position in BlackRock Investment Quality Municipal Trust by 14.9% in the 2nd quarter. LPL Financial LLC now owns 159,582 shares of the company’s stock worth $2,170,000 after purchasing an additional 20,732 shares during the period. NewEdge Advisors LLC purchased a new position in BlackRock Investment Quality Municipal Trust in the 2nd quarter worth $260,000. Finally, Kestra Private Wealth Services LLC purchased a new position in BlackRock Investment Quality Municipal Trust in the 1st quarter worth $160,000. Hedge funds and other institutional investors own 12.05% of the company’s stock.

BlackRock Investment Quality Municipal Trust Stock Performance

BKN stock opened at $12.23 on Tuesday. The firm’s 50-day moving average price is $12.02 and its two-hundred day moving average price is $13.15. BlackRock Investment Quality Municipal Trust Inc. has a 12-month low of $10.75 and a 12-month high of $18.05.

BlackRock Investment Quality Municipal Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, February 1st. Shareholders of record on Friday, January 13th will be given a $0.0445 dividend. This represents a $0.53 dividend on an annualized basis and a dividend yield of 4.37%. The ex-dividend date of this dividend is Thursday, January 12th.

BlackRock Investment Quality Municipal Trust 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.