Fiera Capital Corp Sells 8,893 Shares of BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN)

Fiera Capital Corp trimmed its holdings in shares of BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN) by 5.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 165,771 shares of the company’s stock after selling 8,893 shares during the quarter. Fiera Capital Corp’s holdings in BlackRock Investment Quality Municipal Trust were worth $2,142,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Moloney Securities Asset Management LLC boosted its stake in shares of BlackRock Investment Quality Municipal Trust by 8.6% during the 2nd quarter. Moloney Securities Asset Management LLC now owns 12,654 shares of the company’s stock worth $151,000 after acquiring an additional 1,000 shares during the last quarter. Koss Olinger Consulting LLC purchased a new position in BlackRock Investment Quality Municipal Trust during the second quarter valued at $180,000. Simplicity Wealth LLC bought a new stake in BlackRock Investment Quality Municipal Trust during the second quarter valued at about $185,000. NINE MASTS CAPITAL Ltd increased its position in BlackRock Investment Quality Municipal Trust by 7.5% in the second quarter. NINE MASTS CAPITAL Ltd now owns 21,369 shares of the company’s stock worth $256,000 after buying an additional 1,497 shares in the last quarter. Finally, Koshinski Asset Management Inc. increased its position in BlackRock Investment Quality Municipal Trust by 63.3% in the third quarter. Koshinski Asset Management Inc. now owns 29,164 shares of the company’s stock worth $377,000 after buying an additional 11,305 shares in the last quarter. 26.67% of the stock is owned by hedge funds and other institutional investors.

BlackRock Investment Quality Municipal Trust Stock Up 1.1 %

BKN stock opened at $12.35 on Friday. The business’s 50-day moving average price is $12.68 and its 200-day moving average price is $12.29. BlackRock Investment Quality Municipal Trust Inc. has a twelve month low of $10.43 and a twelve month high of $13.16.

BlackRock Investment Quality Municipal Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be issued a dividend of $0.057 per share. This represents a $0.68 annualized dividend and a yield of 5.54%. The ex-dividend date of this dividend is Friday, November 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.