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

Rivernorth Capital Management LLC reduced its holdings in BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN) by 6.2% during the third quarter, Holdings Channel.com reports. The fund owned 960,795 shares of the company’s stock after selling 63,871 shares during the quarter. Rivernorth Capital Management LLC owned 0.05% of BlackRock Investment Quality Municipal Trust worth $12,413,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Virtu Financial LLC purchased a new position in shares of BlackRock Investment Quality Municipal Trust during the third quarter worth about $147,000. Moloney Securities Asset Management LLC grew its stake in BlackRock Investment Quality Municipal Trust by 8.6% in the 2nd quarter. Moloney Securities Asset Management LLC now owns 12,654 shares of the company’s stock worth $151,000 after buying an additional 1,000 shares in the last quarter. Koss Olinger Consulting LLC bought a new position in shares of BlackRock Investment Quality Municipal Trust in the 2nd quarter worth $180,000. NINE MASTS CAPITAL Ltd raised its position in shares of BlackRock Investment Quality Municipal Trust by 7.5% during the 2nd quarter. NINE MASTS CAPITAL Ltd now owns 21,369 shares of the company’s stock valued at $256,000 after buying an additional 1,497 shares in the last quarter. Finally, Koshinski Asset Management Inc. lifted its holdings in shares of BlackRock Investment Quality Municipal Trust by 63.3% during the 3rd quarter. Koshinski Asset Management Inc. now owns 29,164 shares of the company’s stock worth $377,000 after acquiring an additional 11,305 shares during the last quarter. Hedge funds and other institutional investors own 26.67% of the company’s stock.

BlackRock Investment Quality Municipal Trust Price Performance

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

BlackRock Investment Quality Municipal Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be given a dividend of $0.057 per share. The ex-dividend date is Monday, December 16th. This represents a $0.68 annualized dividend and a dividend yield of 5.67%.

BlackRock Investment Quality Municipal Trust Company 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.