Cetera Investment Advisers Increases Stock Holdings in BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN)

Cetera Investment Advisers increased its position in shares of BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN) by 20.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 64,060 shares of the company’s stock after purchasing an additional 10,825 shares during the period. Cetera Investment Advisers owned 0.36% of BlackRock Investment Quality Municipal Trust worth $714,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Van ECK Associates Corp grew its stake in shares of 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 buying an additional 7,764 shares during the period. Wolverine Asset Management LLC purchased a new stake in shares of BlackRock Investment Quality Municipal Trust during the 4th quarter valued at approximately $406,000. Bank of New York Mellon Corp lifted its holdings in BlackRock Investment Quality Municipal Trust by 28.3% in the fourth quarter. Bank of New York Mellon Corp now owns 74,589 shares of the company’s stock valued at $832,000 after acquiring an additional 16,445 shares during the last quarter. Ackerman Capital Advisors LLC purchased a new position in BlackRock Investment Quality Municipal Trust in the fourth quarter worth approximately $314,000. Finally, NINE MASTS CAPITAL Ltd grew its position in BlackRock Investment Quality Municipal Trust by 12.8% in the fourth quarter. NINE MASTS CAPITAL Ltd now owns 24,119 shares of the company’s stock worth $269,000 after acquiring an additional 2,728 shares during the period. 26.67% of the stock is owned by hedge funds and other institutional investors.

BlackRock Investment Quality Municipal Trust Price Performance

BKN stock opened at $10.65 on Monday. BlackRock Investment Quality Municipal Trust Inc. has a 52-week low of $10.22 and a 52-week high of $13.16. The business has a fifty day moving average of $10.96 and a two-hundred day moving average of $11.40.

BlackRock Investment Quality Municipal Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 2nd. Investors of record on Thursday, May 15th will be given a dividend of $0.057 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 6.42%. The ex-dividend date of this dividend is Thursday, May 15th.

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.