Atlantic Union Bankshares Corp Purchases Shares of 7,300 Blackrock Investment Quality Municipal Trust $BKN

Atlantic Union Bankshares Corp purchased a new stake in Blackrock Investment Quality Municipal Trust (NYSE:BKN) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 7,300 shares of the company’s stock, valued at approximately $80,000.

Other large investors have also modified their holdings of the company. Royal Bank of Canada raised its holdings in Blackrock Investment Quality Municipal Trust by 39.8% in the 1st quarter. Royal Bank of Canada now owns 23,902 shares of the company’s stock worth $275,000 after acquiring an additional 6,800 shares during the period. Sit Investment Associates Inc. acquired a new stake in shares of Blackrock Investment Quality Municipal Trust in the first quarter valued at about $330,000. Landscape Capital Management L.L.C. grew its position in shares of Blackrock Investment Quality Municipal Trust by 134.9% in the first quarter. Landscape Capital Management L.L.C. now owns 30,232 shares of the company’s stock valued at $347,000 after purchasing an additional 17,361 shares during the last quarter. Ackerman Capital Advisors LLC increased its stake in shares of Blackrock Investment Quality Municipal Trust by 8.7% in the first quarter. Ackerman Capital Advisors LLC now owns 30,603 shares of the company’s stock worth $352,000 after purchasing an additional 2,451 shares during the period. Finally, Wolverine Asset Management LLC lifted its position in shares of Blackrock Investment Quality Municipal Trust by 67.9% during the 1st quarter. Wolverine Asset Management LLC now owns 61,107 shares of the company’s stock worth $702,000 after purchasing an additional 24,716 shares during the last quarter. 26.67% of the stock is owned by institutional investors.

Blackrock Investment Quality Municipal Trust Stock Up 0.7%

BKN opened at $11.28 on Tuesday. The stock’s 50 day moving average price is $11.27 and its two-hundred day moving average price is $10.96. Blackrock Investment Quality Municipal Trust has a 12-month low of $10.22 and a 12-month high of $12.50.

Blackrock Investment Quality Municipal Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be paid a $0.057 dividend. The ex-dividend date is Friday, November 14th. This represents a c) annualized dividend and a dividend yield of 6.1%.

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.