Wells Fargo & Company MN Raises Holdings in BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN)

Wells Fargo & Company MN raised its holdings in BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN) by 17.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,791 shares of the company’s stock after purchasing an additional 2,750 shares during the quarter. Wells Fargo & Company MN owned 0.11% of BlackRock Investment Quality Municipal Trust worth $210,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. LPL Financial LLC grew its stake in shares of BlackRock Investment Quality Municipal Trust by 19.8% in the fourth quarter. LPL Financial LLC now owns 197,540 shares of the company’s stock valued at $2,203,000 after buying an additional 32,651 shares in the last quarter. Van ECK Associates Corp grew its position in BlackRock Investment Quality Municipal Trust by 7.9% in 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 in the last quarter. Clare Market Investments LLC purchased a new stake in BlackRock Investment Quality Municipal Trust during the fourth quarter worth about $960,000. Bank of New York Mellon Corp lifted its position in shares of BlackRock Investment Quality Municipal Trust by 28.3% during the fourth quarter. Bank of New York Mellon Corp now owns 74,589 shares of the company’s stock worth $832,000 after purchasing an additional 16,445 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of BlackRock Investment Quality Municipal Trust in the fourth quarter valued at approximately $759,000. Institutional investors and hedge funds own 26.67% of the company’s stock.

BlackRock Investment Quality Municipal Trust Price Performance

Shares of BKN stock opened at $10.94 on Friday. The firm has a 50 day moving average of $11.08 and a two-hundred day moving average of $11.53. BlackRock Investment Quality Municipal Trust Inc. has a 52 week low of $10.22 and a 52 week high of $13.16.

BlackRock Investment Quality Municipal Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, June 2nd. Investors of record on Thursday, May 15th will be given a $0.057 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 6.25%. The ex-dividend date of this dividend is Thursday, May 15th.

About BlackRock Investment Quality Municipal Trust

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.