Bank of New York Mellon Corp Acquires 16,445 Shares of BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN)

Bank of New York Mellon Corp raised its holdings in BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN) by 28.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 74,589 shares of the company’s stock after purchasing an additional 16,445 shares during the period. Bank of New York Mellon Corp’s holdings in BlackRock Investment Quality Municipal Trust were worth $832,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Wolverine Asset Management LLC bought a new position in shares of BlackRock Investment Quality Municipal Trust in the fourth quarter worth about $406,000. Van ECK Associates Corp boosted its holdings in shares of BlackRock Investment Quality Municipal Trust by 7.9% during the 4th quarter. Van ECK Associates Corp now owns 106,618 shares of the company’s stock worth $1,189,000 after buying an additional 7,764 shares in the last quarter. Virtu Financial LLC bought a new position in BlackRock Investment Quality Municipal Trust in the third quarter worth approximately $147,000. Finally, Koshinski Asset Management Inc. grew its holdings in shares of BlackRock Investment Quality Municipal Trust by 30.4% during the fourth quarter. Koshinski Asset Management Inc. now owns 38,023 shares of the company’s stock valued at $424,000 after buying an additional 8,859 shares during the last quarter. 26.67% of the stock is owned by institutional investors and hedge funds.

BlackRock Investment Quality Municipal Trust Stock Down 0.2 %

Shares of NYSE:BKN opened at $11.48 on Wednesday. BlackRock Investment Quality Municipal Trust Inc. has a 12-month low of $11.01 and a 12-month high of $13.16. The business’s 50 day moving average is $11.52 and its 200 day moving average is $11.96.

BlackRock Investment Quality Municipal Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a dividend of $0.057 per share. This represents a $0.68 annualized dividend and a dividend yield of 5.96%. The ex-dividend date of this dividend is Friday, March 14th.

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.