Blackrock Investment Quality Municipal Trust (NYSE:BKN) Announces $0.06 Monthly Dividend

Blackrock Investment Quality Municipal Trust (NYSE:BKN) announced a monthly dividend on Monday, November 3rd. Investors of record on Friday, November 14th will be paid a dividend of 0.057 per share on Monday, December 1st. This represents a c) dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date of this dividend is Friday, November 14th.

Blackrock Investment Quality Municipal Trust Stock Performance

Blackrock Investment Quality Municipal Trust stock opened at $11.19 on Tuesday. The business has a fifty day moving average of $11.21 and a two-hundred day moving average of $10.94. Blackrock Investment Quality Municipal Trust has a twelve month low of $10.22 and a twelve month high of $12.50.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Ackerman Capital Advisors LLC raised its position in shares of Blackrock Investment Quality Municipal Trust by 2.6% in the 3rd quarter. Ackerman Capital Advisors LLC now owns 46,300 shares of the company’s stock worth $525,000 after acquiring an additional 1,175 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its position in shares of Blackrock Investment Quality Municipal Trust by 10.8% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 329,445 shares of the company’s stock worth $3,736,000 after acquiring an additional 31,992 shares in the last quarter. Nomura Holdings Inc. bought a new position in shares of Blackrock Investment Quality Municipal Trust in the 2nd quarter worth $109,000. Ameriprise Financial Inc. lifted its holdings in shares of Blackrock Investment Quality Municipal Trust by 29.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 103,901 shares of the company’s stock valued at $1,135,000 after purchasing an additional 23,901 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its holdings in shares of Blackrock Investment Quality Municipal Trust by 1.5% during the 2nd quarter. Raymond James Financial Inc. now owns 67,358 shares of the company’s stock valued at $736,000 after purchasing an additional 977 shares during the last quarter. 26.67% of the stock is owned by institutional investors.

About Blackrock Investment Quality Municipal Trust

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.