MML Investors Services LLC Buys 1,778 Shares of BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN)

MML Investors Services LLC increased its stake in BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN – Get Rating) by 17.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,937 shares of the company’s stock after purchasing an additional 1,778 shares during the period. MML Investors Services LLC owned 0.07% of BlackRock Investment Quality Municipal Trust worth $149,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Chilton Capital Management LLC bought a new position in BlackRock Investment Quality Municipal Trust in the 2nd quarter worth approximately $25,000. IFP Advisors Inc raised its position in shares of BlackRock Investment Quality Municipal Trust by 90.5% during the 3rd quarter. IFP Advisors Inc now owns 8,940 shares of the company’s stock valued at $126,000 after acquiring an additional 4,248 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in shares of BlackRock Investment Quality Municipal Trust during the 3rd quarter valued at $127,000. Kestra Private Wealth Services LLC bought a new stake in shares of BlackRock Investment Quality Municipal Trust during the 1st quarter valued at $160,000. Finally, NewEdge Advisors LLC bought a new stake in shares of BlackRock Investment Quality Municipal Trust during the 2nd quarter valued at $260,000. Institutional investors own 12.05% of the company’s stock.

BlackRock Investment Quality Municipal Trust Stock Performance

Shares of BlackRock Investment Quality Municipal Trust stock opened at $11.61 on Monday. BlackRock Investment Quality Municipal Trust Inc. has a 52 week low of $10.75 and a 52 week high of $16.79. The firm has a fifty day moving average of $12.22 and a two-hundred day moving average of $12.45.

BlackRock Investment Quality Municipal Trust Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, April 3rd. Stockholders of record on Wednesday, March 15th will be issued a dividend of $0.0395 per share. This represents a $0.47 annualized dividend and a dividend yield of 4.08%. The ex-dividend date is Tuesday, March 14th.

BlackRock Investment Quality Municipal Trust Company Profile

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BlackRock Investment Quality Municipal Trust, Inc is a closed-end investment fund. Its investment objective is to provide high current income exempt from regular federal income tax consistent with the preservation of capital. The company was founded on February 26, 1993 and is headquartered in Wilmington, DE.