Van ECK Associates Corp Buys 9,307 Shares of BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN)

Van ECK Associates Corp raised its position in shares of BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN) by 8.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 124,320 shares of the company’s stock after acquiring an additional 9,307 shares during the quarter. Van ECK Associates Corp’s holdings in BlackRock Investment Quality Municipal Trust were worth $1,474,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Round Rock Advisors LLC purchased a new stake in BlackRock Investment Quality Municipal Trust in the fourth quarter worth $129,000. Seed Wealth Management Inc. bought a new stake in shares of BlackRock Investment Quality Municipal Trust during the 4th quarter valued at $143,000. Raymond James & Associates grew its position in shares of BlackRock Investment Quality Municipal Trust by 50.5% in the 4th quarter. Raymond James & Associates now owns 17,785 shares of the company’s stock worth $211,000 after buying an additional 5,964 shares during the period. Carmichael Hill & Associates Inc. increased its stake in shares of BlackRock Investment Quality Municipal Trust by 60.2% in the 4th quarter. Carmichael Hill & Associates Inc. now owns 28,984 shares of the company’s stock worth $344,000 after acquiring an additional 10,892 shares in the last quarter. Finally, Koshinski Asset Management Inc. lifted its position in BlackRock Investment Quality Municipal Trust by 144.6% during the 4th quarter. Koshinski Asset Management Inc. now owns 33,355 shares of the company’s stock valued at $396,000 after acquiring an additional 19,718 shares during the period. 26.67% of the stock is owned by institutional investors.

BlackRock Investment Quality Municipal Trust Price Performance

NYSE:BKN opened at $12.27 on Friday. BlackRock Investment Quality Municipal Trust Inc. has a one year low of $9.57 and a one year high of $12.69. The company’s 50-day simple moving average is $12.19 and its 200 day simple moving average is $11.68.

BlackRock Investment Quality Municipal Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 15th will be paid a dividend of $0.057 per share. This represents a $0.68 dividend on an annualized basis and a yield of 5.57%. The ex-dividend date of this dividend is Tuesday, May 14th.

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.