Simplicity Wealth LLC Invests $185,000 in BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN)

Simplicity Wealth LLC purchased a new position in BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,486 shares of the company’s stock, valued at approximately $185,000. Simplicity Wealth LLC owned about 0.09% of BlackRock Investment Quality Municipal Trust at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Cetera Advisors LLC increased its position in shares of BlackRock Investment Quality Municipal Trust by 4.9% during the first quarter. Cetera Advisors LLC now owns 54,551 shares of the company’s stock worth $677,000 after acquiring an additional 2,562 shares during the period. Raymond James & Associates increased its holdings in BlackRock Investment Quality Municipal Trust by 50.5% during the 4th quarter. Raymond James & Associates now owns 17,785 shares of the company’s stock worth $211,000 after purchasing an additional 5,964 shares during the period. Primoris Wealth Advisors LLC increased its holdings in BlackRock Investment Quality Municipal Trust by 15.6% during the 1st quarter. Primoris Wealth Advisors LLC now owns 44,500 shares of the company’s stock worth $552,000 after purchasing an additional 6,000 shares during the period. Van ECK Associates Corp raised its position in BlackRock Investment Quality Municipal Trust by 8.1% during the 4th quarter. Van ECK Associates Corp now owns 124,320 shares of the company’s stock valued at $1,474,000 after purchasing an additional 9,307 shares in the last quarter. Finally, Robinson Capital Management LLC lifted its holdings in shares of BlackRock Investment Quality Municipal Trust by 3.9% in the 1st quarter. Robinson Capital Management LLC now owns 262,334 shares of the company’s stock worth $3,156,000 after buying an additional 9,824 shares during the period. Hedge funds and other institutional investors own 26.67% of the company’s stock.

BlackRock Investment Quality Municipal Trust Price Performance

BKN opened at $12.26 on Tuesday. BlackRock Investment Quality Municipal Trust Inc. has a 12-month low of $9.57 and a 12-month high of $12.69. The business’s fifty day simple moving average is $12.02 and its 200-day simple moving average is $12.05.

BlackRock Investment Quality Municipal Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th will be issued a dividend of $0.057 per share. This represents a $0.68 annualized dividend and a yield of 5.58%. The ex-dividend date of this dividend is Thursday, August 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.