Raymond James Financial Services Advisors Inc. Sells 4,215 Shares of BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN)

Raymond James Financial Services Advisors Inc. lessened its position in shares of BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN) by 8.7% in the fourth quarter, HoldingsChannel reports. The fund owned 44,268 shares of the company’s stock after selling 4,215 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in BlackRock Investment Quality Municipal Trust were worth $525,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in BKN. Rivernorth Capital Management LLC boosted its holdings in shares of BlackRock Investment Quality Municipal Trust by 237.4% during the second quarter. Rivernorth Capital Management LLC now owns 272,697 shares of the company’s stock worth $3,171,000 after acquiring an additional 191,883 shares during the period. Morgan Stanley raised its position in shares of BlackRock Investment Quality Municipal Trust by 69.9% in the fourth quarter. Morgan Stanley now owns 305,239 shares of the company’s stock valued at $3,559,000 after buying an additional 125,626 shares in the last quarter. AQR Arbitrage LLC raised its position in shares of BlackRock Investment Quality Municipal Trust by 132.6% in the third quarter. AQR Arbitrage LLC now owns 132,436 shares of the company’s stock valued at $1,340,000 after buying an additional 75,511 shares in the last quarter. Woodline Partners LP acquired a new stake in shares of BlackRock Investment Quality Municipal Trust in the second quarter valued at approximately $864,000. Finally, Ameriprise Financial Inc. raised its position in shares of BlackRock Investment Quality Municipal Trust by 220.8% in the third quarter. Ameriprise Financial Inc. now owns 48,149 shares of the company’s stock valued at $487,000 after buying an additional 33,138 shares in the last quarter. Institutional investors own 26.67% of the company’s stock.

BlackRock Investment Quality Municipal Trust Trading Down 0.4 %

NYSE BKN opened at $11.91 on Friday. BlackRock Investment Quality Municipal Trust Inc. has a 1-year low of $9.57 and a 1-year high of $12.69. The company has a 50 day moving average of $12.18 and a 200-day moving average of $11.47.

BlackRock Investment Quality Municipal Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th will be given a $0.057 dividend. The ex-dividend date is Friday, April 12th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.74%.

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.