BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN) Shares Sold by AQR Arbitrage LLC

AQR Arbitrage LLC trimmed its position in shares of BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN) by 74.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,304 shares of the company’s stock after selling 36,143 shares during the quarter. AQR Arbitrage LLC owned approximately 0.07% of BlackRock Investment Quality Municipal Trust worth $137,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. Signaturefd LLC purchased a new stake in shares of BlackRock Investment Quality Municipal Trust during the fourth quarter worth $52,000. NewEdge Advisors LLC grew its stake in BlackRock Investment Quality Municipal Trust by 17.8% during the 4th quarter. NewEdge Advisors LLC now owns 12,760 shares of the company’s stock valued at $142,000 after acquiring an additional 1,925 shares in the last quarter. Northern Trust Corp purchased a new stake in BlackRock Investment Quality Municipal Trust during the 4th quarter valued at about $143,000. Landscape Capital Management L.L.C. acquired a new stake in BlackRock Investment Quality Municipal Trust in the 4th quarter valued at about $144,000. Finally, Virtu Financial LLC purchased a new position in BlackRock Investment Quality Municipal Trust in the 3rd quarter worth approximately $147,000. 26.67% of the stock is owned by institutional investors and hedge funds.

BlackRock Investment Quality Municipal Trust Stock Performance

BKN stock opened at $10.96 on Friday. BlackRock Investment Quality Municipal Trust Inc. has a 1 year low of $10.22 and a 1 year high of $13.16. The business has a 50 day simple moving average of $11.16 and a 200-day simple moving average of $11.60.

BlackRock Investment Quality Municipal Trust Announces Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th were issued a $0.057 dividend. This represents a $0.68 annualized dividend and a yield of 6.24%. The ex-dividend date of this dividend was 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.