Raymond James Financial Inc. Acquires New Position in BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN)

Raymond James Financial Inc. purchased a new stake in shares of BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN) during the fourth quarter, Holdings Channel.com reports. The firm purchased 68,061 shares of the company’s stock, valued at approximately $759,000.

Other large investors have also recently made changes to their positions in the company. Virtu Financial LLC bought a new position in BlackRock Investment Quality Municipal Trust during the 3rd quarter worth approximately $147,000. NINE MASTS CAPITAL Ltd grew its holdings in shares of BlackRock Investment Quality Municipal Trust by 12.8% in the fourth quarter. NINE MASTS CAPITAL Ltd now owns 24,119 shares of the company’s stock worth $269,000 after purchasing an additional 2,728 shares during the last quarter. Ackerman Capital Advisors LLC purchased a new position in shares of BlackRock Investment Quality Municipal Trust in the fourth quarter worth $314,000. Wolverine Asset Management LLC bought a new stake in BlackRock Investment Quality Municipal Trust during the 4th quarter valued at $406,000. Finally, Koshinski Asset Management Inc. raised its holdings in BlackRock Investment Quality Municipal Trust by 30.4% during the 4th 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 hedge funds and other institutional investors.

BlackRock Investment Quality Municipal Trust Price Performance

Shares of BlackRock Investment Quality Municipal Trust stock opened at $11.38 on Friday. The company’s fifty day simple moving average is $11.54 and its two-hundred day simple moving average is $11.89. BlackRock Investment Quality Municipal Trust Inc. has a 12-month low of $11.01 and a 12-month high of $13.16.

BlackRock Investment Quality Municipal Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be issued a dividend of $0.057 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.68 dividend on an annualized basis and a yield of 6.01%.

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.