28,152 Shares in BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN) Purchased by Ackerman Capital Advisors LLC

Ackerman Capital Advisors LLC bought a new position in shares of BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 28,152 shares of the company’s stock, valued at approximately $314,000.

Other hedge funds also recently added to or reduced their stakes in the company. Virtu Financial LLC purchased a new stake in shares of BlackRock Investment Quality Municipal Trust during the 3rd quarter worth approximately $147,000. Wolverine Asset Management LLC acquired a new position in BlackRock Investment Quality Municipal Trust during the fourth quarter worth $406,000. Koshinski Asset Management Inc. boosted its position in 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 worth $424,000 after purchasing an additional 8,859 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in BlackRock Investment Quality Municipal Trust by 28.3% in the fourth quarter. Bank of New York Mellon Corp now owns 74,589 shares of the company’s stock valued at $832,000 after purchasing an additional 16,445 shares during the last quarter. Finally, Primoris Wealth Advisors LLC grew its holdings in BlackRock Investment Quality Municipal Trust by 78.9% in the third quarter. Primoris Wealth Advisors LLC now owns 97,500 shares of the company’s stock valued at $1,260,000 after purchasing an additional 43,000 shares during the last quarter. 26.67% of the stock is owned by hedge funds and other institutional investors.

BlackRock Investment Quality Municipal Trust Stock Up 0.4 %

NYSE:BKN opened at $11.71 on Wednesday. BlackRock Investment Quality Municipal Trust Inc. has a 52-week low of $11.01 and a 52-week high of $13.16. The stock has a fifty day simple moving average of $11.41 and a 200-day simple moving average of $12.09.

BlackRock Investment Quality Municipal Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be issued a dividend of $0.057 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.68 annualized dividend and a yield of 5.84%.

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.