Ackerman Capital Advisors LLC Makes New Investment in BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN)

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 the company in its most recent Form 13F filing with the SEC. The firm bought 28,152 shares of the company’s stock, valued at approximately $314,000. Ackerman Capital Advisors LLC owned approximately 0.16% of BlackRock Investment Quality Municipal Trust as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in BKN. Van ECK Associates Corp raised its holdings in BlackRock Investment Quality Municipal Trust by 10.3% during the third quarter. Van ECK Associates Corp now owns 98,854 shares of the company’s stock worth $1,260,000 after purchasing an additional 9,221 shares in the last quarter. Primoris Wealth Advisors LLC raised its stake in BlackRock Investment Quality Municipal Trust by 78.9% during the 3rd quarter. Primoris Wealth Advisors LLC now owns 97,500 shares of the company’s stock worth $1,260,000 after acquiring an additional 43,000 shares in the last quarter. Wolverine Asset Management LLC acquired a new stake in BlackRock Investment Quality Municipal Trust during the 4th quarter worth $406,000. Virtu Financial LLC purchased a new stake in BlackRock Investment Quality Municipal Trust in the third quarter valued at $147,000. Finally, Koshinski Asset Management Inc. boosted its position in shares of BlackRock Investment Quality Municipal Trust by 30.4% in the 4th quarter. Koshinski Asset Management Inc. now owns 38,023 shares of the company’s stock valued at $424,000 after purchasing an additional 8,859 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

BKN stock opened at $11.71 on Wednesday. The business has a 50 day simple moving average of $11.41 and a 200-day simple moving average of $12.09. BlackRock Investment Quality Municipal Trust Inc. has a twelve month low of $11.01 and a twelve month high of $13.16.

BlackRock Investment Quality Municipal Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be paid 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 dividend yield of 5.84%.

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.