Blackrock Investment Quality Municipal Trust $BKN Shares Purchased by LPL Financial LLC

LPL Financial LLC boosted its holdings in Blackrock Investment Quality Municipal Trust (NYSE:BKN) by 4.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 206,428 shares of the company’s stock after buying an additional 8,888 shares during the period. LPL Financial LLC owned 1.17% of Blackrock Investment Quality Municipal Trust worth $2,372,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Wells Fargo & Company MN boosted its position in shares of Blackrock Investment Quality Municipal Trust by 17.1% in the fourth quarter. Wells Fargo & Company MN now owns 18,791 shares of the company’s stock worth $210,000 after acquiring an additional 2,750 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Blackrock Investment Quality Municipal Trust during the fourth quarter worth approximately $759,000. NewEdge Advisors LLC boosted its holdings in shares of Blackrock Investment Quality Municipal Trust by 17.8% in the 4th quarter. NewEdge Advisors LLC now owns 12,760 shares of the company’s stock valued at $142,000 after purchasing an additional 1,925 shares during the last quarter. Northern Trust Corp purchased a new stake in shares of Blackrock Investment Quality Municipal Trust during the 4th quarter valued at $143,000. Finally, Almitas Capital LLC purchased a new stake in shares of Blackrock Investment Quality Municipal Trust during the 4th quarter valued at $327,000. Hedge funds and other institutional investors own 26.67% of the company’s stock.

Blackrock Investment Quality Municipal Trust Stock Down 0.5%

Shares of BKN opened at $10.72 on Tuesday. Blackrock Investment Quality Municipal Trust has a twelve month low of $10.22 and a twelve month high of $13.16. The stock’s fifty day simple moving average is $10.77 and its 200 day simple moving average is $11.02.

Blackrock Investment Quality Municipal Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th will be given a dividend of $0.057 per share. This represents a c) dividend on an annualized basis and a yield of 6.4%. The ex-dividend date of this dividend is Friday, August 15th.

Blackrock Investment Quality Municipal Trust 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.