BlackRock Investment Quality Municipal Trust Inc. to Issue Monthly Dividend of $0.06 (NYSE:BKN)

BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKNGet Free Report) announced a monthly dividend on Wednesday, April 3rd, Wall Street Journal reports. Shareholders of record on Monday, April 15th will be paid a dividend of 0.057 per share on Wednesday, May 1st. This represents a $0.68 annualized dividend and a yield of 5.59%. The ex-dividend date of this dividend is Friday, April 12th.

BlackRock Investment Quality Municipal Trust Stock Performance

NYSE:BKN traded down $0.12 during mid-day trading on Wednesday, hitting $12.24. 31,217 shares of the stock were exchanged, compared to its average volume of 50,413. The firm’s 50-day simple moving average is $12.09 and its 200 day simple moving average is $11.35. BlackRock Investment Quality Municipal Trust has a fifty-two week low of $9.57 and a fifty-two week high of $12.69.

Hedge Funds Weigh In On BlackRock Investment Quality Municipal Trust

Several hedge funds have recently bought and sold shares of BKN. Comerica Bank bought a new position in BlackRock Investment Quality Municipal Trust in the third quarter valued at approximately $26,000. Susquehanna International Group LLP bought a new stake in shares of BlackRock Investment Quality Municipal Trust during the 1st quarter worth $124,000. JPMorgan Chase & Co. acquired a new stake in BlackRock Investment Quality Municipal Trust in the fourth quarter valued at about $143,000. Royal Bank of Canada raised its stake in BlackRock Investment Quality Municipal Trust by 15.2% during the second quarter. Royal Bank of Canada now owns 13,643 shares of the company’s stock worth $159,000 after acquiring an additional 1,800 shares in the last quarter. Finally, Kestra Private Wealth Services LLC acquired a new stake in shares of BlackRock Investment Quality Municipal Trust in the 1st quarter valued at approximately $160,000. 26.67% of the stock is owned by institutional investors.

BlackRock Investment Quality Municipal Trust Company Profile

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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.

Further Reading

Dividend History for BlackRock Investment Quality Municipal Trust (NYSE:BKN)

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