Koshinski Asset Management Inc. Purchases 22,508 Shares of Blackrock Investment Quality Municipal Trust $BKN

Koshinski Asset Management Inc. lifted its position in Blackrock Investment Quality Municipal Trust (NYSE:BKN) by 53.0% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 64,936 shares of the company’s stock after acquiring an additional 22,508 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Blackrock Investment Quality Municipal Trust were worth $709,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BKN. Royal Bank of Canada boosted its holdings in shares of Blackrock Investment Quality Municipal Trust by 39.8% in the 1st quarter. Royal Bank of Canada now owns 23,902 shares of the company’s stock worth $275,000 after buying an additional 6,800 shares during the last quarter. Sit Investment Associates Inc. purchased a new position in shares of Blackrock Investment Quality Municipal Trust in the 1st quarter worth about $330,000. Landscape Capital Management L.L.C. boosted its holdings in shares of Blackrock Investment Quality Municipal Trust by 134.9% in the 1st quarter. Landscape Capital Management L.L.C. now owns 30,232 shares of the company’s stock worth $347,000 after buying an additional 17,361 shares during the last quarter. Ackerman Capital Advisors LLC boosted its holdings in shares of Blackrock Investment Quality Municipal Trust by 8.7% in the 1st quarter. Ackerman Capital Advisors LLC now owns 30,603 shares of the company’s stock worth $352,000 after buying an additional 2,451 shares during the last quarter. Finally, Callahan Advisors LLC purchased a new position in shares of Blackrock Investment Quality Municipal Trust in the 1st quarter worth about $468,000. 26.67% of the stock is owned by hedge funds and other institutional investors.

Blackrock Investment Quality Municipal Trust Price Performance

Shares of NYSE:BKN opened at $11.32 on Monday. The company’s 50-day moving average is $11.09 and its 200 day moving average is $10.89. Blackrock Investment Quality Municipal Trust has a fifty-two week low of $10.22 and a fifty-two week high of $13.00.

Blackrock Investment Quality Municipal Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Wednesday, October 15th will be issued a dividend of $0.057 per share. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a c) annualized dividend and a yield of 6.0%.

Blackrock Investment Quality Municipal Trust 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.