Landscape Capital Management L.L.C. Buys New Position in BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN)

Landscape Capital Management L.L.C. purchased a new stake in BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN) during the 4th quarter, HoldingsChannel reports. The firm purchased 12,871 shares of the company’s stock, valued at approximately $144,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Virtu Financial LLC bought a new stake in shares of BlackRock Investment Quality Municipal Trust during the 3rd quarter valued at about $147,000. Koshinski Asset Management Inc. boosted its position in BlackRock Investment Quality Municipal Trust by 30.4% during the 4th quarter. Koshinski Asset Management Inc. now owns 38,023 shares of the company’s stock valued at $424,000 after acquiring an additional 8,859 shares in the last quarter. Van ECK Associates Corp boosted its position in BlackRock Investment Quality Municipal Trust by 7.9% during the 4th quarter. Van ECK Associates Corp now owns 106,618 shares of the company’s stock valued at $1,189,000 after acquiring an additional 7,764 shares in the last quarter. Wolverine Asset Management LLC purchased a new position in shares of BlackRock Investment Quality Municipal Trust during the 4th quarter worth approximately $406,000. Finally, Bank of New York Mellon Corp raised its position in shares of BlackRock Investment Quality Municipal Trust by 28.3% in the 4th quarter. Bank of New York Mellon Corp now owns 74,589 shares of the company’s stock worth $832,000 after acquiring an additional 16,445 shares in the last quarter. 26.67% of the stock is owned by hedge funds and other institutional investors.

BlackRock Investment Quality Municipal Trust Stock Performance

NYSE BKN opened at $10.61 on Wednesday. The stock’s 50 day moving average is $11.50 and its 200 day moving average is $11.85. BlackRock Investment Quality Municipal Trust Inc. has a twelve month low of $10.48 and a twelve month high of $13.16.

BlackRock Investment Quality Municipal Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be issued a dividend of $0.057 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 6.45%. The ex-dividend date is Tuesday, April 15th.

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.