Rivernorth Capital Management LLC Sells 63,871 Shares of BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN)

Rivernorth Capital Management LLC decreased its position in shares of BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN) by 6.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 960,795 shares of the company’s stock after selling 63,871 shares during the quarter. Rivernorth Capital Management LLC owned approximately 5.45% of BlackRock Investment Quality Municipal Trust worth $12,413,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Moloney Securities Asset Management LLC increased its stake in shares of BlackRock Investment Quality Municipal Trust by 8.6% in the second quarter. Moloney Securities Asset Management LLC now owns 12,654 shares of the company’s stock worth $151,000 after purchasing an additional 1,000 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in BlackRock Investment Quality Municipal Trust by 2.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 65,539 shares of the company’s stock valued at $784,000 after acquiring an additional 1,411 shares during the period. NINE MASTS CAPITAL Ltd boosted its holdings in shares of BlackRock Investment Quality Municipal Trust by 7.5% in the second quarter. NINE MASTS CAPITAL Ltd now owns 21,369 shares of the company’s stock worth $256,000 after acquiring an additional 1,497 shares during the period. Van ECK Associates Corp grew its position in shares of BlackRock Investment Quality Municipal Trust by 10.3% in the third quarter. Van ECK Associates Corp now owns 98,854 shares of the company’s stock valued at $1,260,000 after purchasing an additional 9,221 shares in the last quarter. Finally, Primoris Wealth Advisors LLC raised its stake in shares of BlackRock Investment Quality Municipal Trust by 22.5% during the 2nd quarter. Primoris Wealth Advisors LLC now owns 54,500 shares of the company’s stock valued at $652,000 after purchasing an additional 10,000 shares during the period. Hedge funds and other institutional investors own 26.67% of the company’s stock.

BlackRock Investment Quality Municipal Trust Price Performance

Shares of BKN opened at $12.07 on Friday. BlackRock Investment Quality Municipal Trust Inc. has a 52-week low of $11.30 and a 52-week high of $13.16. The stock’s 50-day simple moving average is $12.42 and its 200 day simple moving average is $12.30.

BlackRock Investment Quality Municipal Trust Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 5.67%. The ex-dividend date of this dividend is Monday, December 16th.

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.