29,325 Shares in BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN) Bought by Almitas Capital LLC

Almitas Capital LLC purchased a new position in shares of BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 29,325 shares of the company’s stock, valued at approximately $327,000. Almitas Capital LLC owned 0.17% of BlackRock Investment Quality Municipal Trust as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Northern Trust Corp acquired a new stake in shares of BlackRock Investment Quality Municipal Trust during the fourth quarter worth about $143,000. NewEdge Advisors LLC lifted its stake in BlackRock Investment Quality Municipal Trust by 17.8% during the 4th quarter. NewEdge Advisors LLC now owns 12,760 shares of the company’s stock valued at $142,000 after acquiring an additional 1,925 shares during the period. Primoris Wealth Advisors LLC lifted its stake in BlackRock Investment Quality Municipal Trust by 1.5% during the 4th quarter. Primoris Wealth Advisors LLC now owns 99,000 shares of the company’s stock valued at $1,104,000 after acquiring an additional 1,500 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of BlackRock Investment Quality Municipal Trust in the 4th quarter valued at $759,000. Finally, Wells Fargo & Company MN increased its stake in shares of BlackRock Investment Quality Municipal Trust by 17.1% in the fourth quarter. Wells Fargo & Company MN now owns 18,791 shares of the company’s stock worth $210,000 after acquiring an additional 2,750 shares during the period. Hedge funds and other institutional investors own 26.67% of the company’s stock.

BlackRock Investment Quality Municipal Trust Stock Performance

NYSE BKN opened at $10.96 on Friday. BlackRock Investment Quality Municipal Trust Inc. has a 1 year low of $10.22 and a 1 year high of $13.16. The company has a fifty day moving average of $11.16 and a 200 day moving average of $11.60.

BlackRock Investment Quality Municipal Trust Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th were issued a $0.057 dividend. The ex-dividend date of this dividend was Tuesday, April 15th. This represents a $0.68 annualized dividend and a dividend yield of 6.24%.

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.