Horizon Kinetics Asset Management LLC Makes New $470,000 Investment in BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN)

Horizon Kinetics Asset Management LLC acquired a new position in shares of BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 42,157 shares of the company’s stock, valued at approximately $470,000. Horizon Kinetics Asset Management LLC owned 0.24% of BlackRock Investment Quality Municipal Trust as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of BKN. Clare Market Investments LLC purchased a new position in BlackRock Investment Quality Municipal Trust during the fourth quarter worth $960,000. Raymond James Financial Inc. purchased a new position in BlackRock Investment Quality Municipal Trust during the fourth quarter worth $759,000. Wolverine Asset Management LLC purchased a new stake in shares of BlackRock Investment Quality Municipal Trust during the fourth quarter valued at $406,000. Ackerman Capital Advisors LLC purchased a new stake in shares of BlackRock Investment Quality Municipal Trust during the fourth quarter valued at $314,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of BlackRock Investment Quality Municipal Trust by 28.3% during the fourth quarter. Bank of New York Mellon Corp now owns 74,589 shares of the company’s stock valued at $832,000 after purchasing an additional 16,445 shares during the period. 26.67% of the stock is owned by hedge funds and other institutional investors.

BlackRock Investment Quality Municipal Trust Price Performance

Shares of BKN opened at $11.27 on Tuesday. BlackRock Investment Quality Municipal Trust Inc. has a 12-month low of $11.01 and a 12-month high of $13.16. The firm has a fifty day moving average price of $11.49 and a 200-day moving average price of $12.01.

BlackRock Investment Quality Municipal Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.057 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 6.07%. The ex-dividend date of this dividend is Friday, March 14th.

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.