Virtu Financial LLC Buys New Shares in BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN)

Virtu Financial LLC purchased a new stake in BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 11,390 shares of the company’s stock, valued at approximately $147,000. Virtu Financial LLC owned approximately 0.06% of BlackRock Investment Quality Municipal Trust at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of BKN. Primoris Wealth Advisors LLC increased its holdings in BlackRock Investment Quality Municipal Trust by 78.9% in the third quarter. Primoris Wealth Advisors LLC now owns 97,500 shares of the company’s stock valued at $1,260,000 after buying an additional 43,000 shares during the last quarter. Koss Olinger Consulting LLC acquired a new position in shares of BlackRock Investment Quality Municipal Trust during the 2nd quarter worth about $180,000. Koshinski Asset Management Inc. increased its holdings in shares of BlackRock Investment Quality Municipal Trust by 63.3% in the 3rd quarter. Koshinski Asset Management Inc. now owns 29,164 shares of the company’s stock valued at $377,000 after acquiring an additional 11,305 shares during the last quarter. Van ECK Associates Corp raised its position in shares of BlackRock Investment Quality Municipal Trust by 10.3% during the 3rd quarter. Van ECK Associates Corp now owns 98,854 shares of the company’s stock worth $1,260,000 after acquiring an additional 9,221 shares in the last quarter. Finally, NINE MASTS CAPITAL Ltd lifted its stake in BlackRock Investment Quality Municipal Trust by 7.5% during the second quarter. NINE MASTS CAPITAL Ltd now owns 21,369 shares of the company’s stock worth $256,000 after purchasing an additional 1,497 shares during the last quarter. Institutional investors and hedge funds own 26.67% of the company’s stock.

BlackRock Investment Quality Municipal Trust Stock Down 1.0 %

Shares of BKN opened at $11.37 on Friday. BlackRock Investment Quality Municipal Trust Inc. has a 52-week low of $11.31 and a 52-week high of $13.16. The stock has a 50 day moving average price of $12.27 and a 200 day moving average price of $12.29.

BlackRock Investment Quality Municipal Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a $0.057 dividend. This represents a $0.68 annualized dividend and a dividend yield of 6.02%. The ex-dividend date of this dividend is Monday, December 16th.

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.