Raymond James Financial Services Advisors Inc. Sells 4,215 Shares of BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN)

Raymond James Financial Services Advisors Inc. reduced its stake in BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN) by 8.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 44,268 shares of the company’s stock after selling 4,215 shares during the period. Raymond James Financial Services Advisors Inc. owned approximately 0.25% of BlackRock Investment Quality Municipal Trust worth $525,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of BKN. Comerica Bank bought a new stake in shares of BlackRock Investment Quality Municipal Trust in the 3rd quarter valued at approximately $26,000. Susquehanna International Group LLP bought a new stake in shares of BlackRock Investment Quality Municipal Trust in the 1st quarter valued at approximately $124,000. JPMorgan Chase & Co. bought a new stake in shares of BlackRock Investment Quality Municipal Trust in the 4th quarter valued at approximately $143,000. Royal Bank of Canada grew its stake in shares of BlackRock Investment Quality Municipal Trust by 15.2% in the 2nd quarter. Royal Bank of Canada now owns 13,643 shares of the company’s stock valued at $159,000 after purchasing an additional 1,800 shares during the period. Finally, Kestra Private Wealth Services LLC acquired a new position in shares of BlackRock Investment Quality Municipal Trust in the 1st quarter worth approximately $160,000. 26.67% of the stock is currently owned by institutional investors.

BlackRock Investment Quality Municipal Trust Price Performance

Shares of BKN opened at $11.91 on Friday. BlackRock Investment Quality Municipal Trust Inc. has a one year low of $9.57 and a one year high of $12.69. The business’s 50 day simple moving average is $12.18 and its 200-day simple moving average is $11.47.

BlackRock Investment Quality Municipal Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th will be issued a $0.057 dividend. This represents a $0.68 annualized dividend and a dividend yield of 5.74%. The ex-dividend date is Friday, April 12th.

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.