Ackerman Capital Advisors LLC Has $493,000 Stock Position in Blackrock Investment Quality Municipal Trust $BKN

Ackerman Capital Advisors LLC boosted its position in shares of Blackrock Investment Quality Municipal Trust (NYSE:BKN) by 47.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 45,125 shares of the company’s stock after purchasing an additional 14,522 shares during the period. Ackerman Capital Advisors LLC’s holdings in Blackrock Investment Quality Municipal Trust were worth $493,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Royal Bank of Canada lifted its position in shares of Blackrock Investment Quality Municipal Trust by 39.8% in the first quarter. Royal Bank of Canada now owns 23,902 shares of the company’s stock worth $275,000 after buying an additional 6,800 shares during the last quarter. Sit Investment Associates Inc. bought a new stake in Blackrock Investment Quality Municipal Trust during the 1st quarter valued at approximately $330,000. Landscape Capital Management L.L.C. boosted its stake in Blackrock Investment Quality Municipal Trust by 134.9% during the 1st 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 period. Callahan Advisors LLC bought a new stake in Blackrock Investment Quality Municipal Trust during the 1st quarter valued at approximately $468,000. Finally, Koshinski Asset Management Inc. increased its stake in Blackrock Investment Quality Municipal Trust by 11.6% during the first quarter. Koshinski Asset Management Inc. now owns 42,428 shares of the company’s stock valued at $488,000 after acquiring an additional 4,405 shares during the period. Institutional investors and hedge funds own 26.67% of the company’s stock.

Blackrock Investment Quality Municipal Trust Stock Performance

Shares of BKN opened at $11.33 on Friday. Blackrock Investment Quality Municipal Trust has a 12-month low of $10.22 and a 12-month high of $13.01. The stock’s 50-day moving average price is $11.03 and its 200 day moving average price is $10.90.

Blackrock Investment Quality Municipal Trust Announces Dividend

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

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.