BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN) Shares Bought by Ameriprise Financial Inc.

Ameriprise Financial Inc. raised its position in BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN) by 24.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 73,011 shares of the company’s stock after purchasing an additional 14,534 shares during the quarter. Ameriprise Financial Inc. owned 0.41% of BlackRock Investment Quality Municipal Trust worth $797,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of BKN. Signaturefd LLC purchased a new stake in BlackRock Investment Quality Municipal Trust during the 4th quarter worth $52,000. NewEdge Advisors LLC boosted its position in shares of BlackRock Investment Quality Municipal Trust by 17.8% in the fourth quarter. NewEdge Advisors LLC now owns 12,760 shares of the company’s stock worth $142,000 after buying an additional 1,925 shares during the period. Northern Trust Corp purchased a new stake in shares of BlackRock Investment Quality Municipal Trust in the fourth quarter worth about $143,000. Landscape Capital Management L.L.C. acquired a new stake in shares of BlackRock Investment Quality Municipal Trust in the fourth quarter valued at about $144,000. Finally, Virtu Financial LLC raised its holdings in shares of BlackRock Investment Quality Municipal Trust by 50.5% during the 4th quarter. Virtu Financial LLC now owns 17,139 shares of the company’s stock valued at $191,000 after buying an additional 5,749 shares during the period. 26.67% of the stock is owned by institutional investors and hedge funds.

BlackRock Investment Quality Municipal Trust Stock Performance

NYSE BKN opened at $10.78 on Tuesday. BlackRock Investment Quality Municipal Trust Inc. has a fifty-two week low of $10.22 and a fifty-two week high of $13.16. The business has a 50 day moving average price of $10.89 and a two-hundred day moving average price of $11.34.

BlackRock Investment Quality Municipal Trust Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th were paid a $0.057 dividend. The ex-dividend date was Thursday, May 15th. This represents a $0.68 annualized dividend and a dividend yield of 6.35%.

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.