Northern Trust Corp Takes $143,000 Position in BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN)

Northern Trust Corp acquired a new stake in shares of BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 12,864 shares of the company’s stock, valued at approximately $143,000. Northern Trust Corp owned about 0.07% of BlackRock Investment Quality Municipal Trust as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. NewEdge Advisors LLC grew its position in shares of BlackRock Investment Quality Municipal Trust by 17.8% during the 4th quarter. NewEdge Advisors LLC now owns 12,760 shares of the company’s stock valued at $142,000 after buying an additional 1,925 shares during the last quarter. Primoris Wealth Advisors LLC grew its position in shares of BlackRock Investment Quality Municipal Trust by 1.5% during the 4th quarter. Primoris Wealth Advisors LLC now owns 99,000 shares of the company’s stock valued at $1,104,000 after buying an additional 1,500 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of BlackRock Investment Quality Municipal Trust during the 4th quarter valued at about $759,000. Wells Fargo & Company MN grew its position in shares of BlackRock Investment Quality Municipal Trust by 17.1% during the 4th quarter. Wells Fargo & Company MN now owns 18,791 shares of the company’s stock valued at $210,000 after buying an additional 2,750 shares during the last quarter. Finally, Landscape Capital Management L.L.C. bought a new stake in shares of BlackRock Investment Quality Municipal Trust during the 4th quarter valued at about $144,000. Institutional investors own 26.67% of the company’s stock.

BlackRock Investment Quality Municipal Trust Stock Down 0.4%

Shares of NYSE:BKN opened at $10.76 on Wednesday. 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 firm has a 50-day simple moving average of $10.88 and a 200 day simple moving average of $11.34.

BlackRock Investment Quality Municipal Trust Announces Dividend

The company also recently announced a monthly dividend, which was paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th were given a $0.057 dividend. This represents a $0.68 annualized dividend and a yield of 6.36%. The ex-dividend date of this dividend was 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.