Truist Financial Corp Sells 4,450 Shares of Blackrock Investment Quality Municipal Trust $BKN

Truist Financial Corp trimmed its position in shares of Blackrock Investment Quality Municipal Trust (NYSE:BKN) by 12.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,003 shares of the company’s stock after selling 4,450 shares during the quarter. Truist Financial Corp’s holdings in Blackrock Investment Quality Municipal Trust were worth $339,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BKN. Royal Bank of Canada boosted its position in shares of Blackrock Investment Quality Municipal Trust by 39.8% during the first quarter. Royal Bank of Canada now owns 23,902 shares of the company’s stock worth $275,000 after purchasing an additional 6,800 shares in the last quarter. Sit Investment Associates Inc. acquired a new stake in shares of Blackrock Investment Quality Municipal Trust during the first quarter worth $330,000. Landscape Capital Management L.L.C. raised its holdings in shares of Blackrock Investment Quality Municipal Trust by 134.9% during the first quarter. Landscape Capital Management L.L.C. now owns 30,232 shares of the company’s stock worth $347,000 after acquiring an additional 17,361 shares during the period. Ackerman Capital Advisors LLC raised its holdings in shares of Blackrock Investment Quality Municipal Trust by 8.7% during the first quarter. Ackerman Capital Advisors LLC now owns 30,603 shares of the company’s stock worth $352,000 after acquiring an additional 2,451 shares during the period. Finally, Callahan Advisors LLC acquired a new stake in shares of Blackrock Investment Quality Municipal Trust during the first quarter worth $468,000. 26.67% of the stock is owned by institutional investors.

Blackrock Investment Quality Municipal Trust Stock Performance

Shares of NYSE:BKN opened at $11.36 on Friday. Blackrock Investment Quality Municipal Trust has a 12 month low of $10.22 and a 12 month high of $13.00. The company’s fifty day simple moving average is $11.08 and its 200 day simple moving average is $10.90.

Blackrock Investment Quality Municipal Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 3rd. Investors of record on Wednesday, October 15th will be issued a dividend of $0.057 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date is Wednesday, October 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.