Wolverine Asset Management LLC Purchases New Shares in BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN)

Wolverine Asset Management LLC acquired a new position in BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 36,391 shares of the company’s stock, valued at approximately $406,000. Wolverine Asset Management LLC owned about 0.21% of BlackRock Investment Quality Municipal Trust at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Van ECK Associates Corp grew its stake in BlackRock Investment Quality Municipal Trust by 10.3% during the 3rd quarter. Van ECK Associates Corp now owns 98,854 shares of the company’s stock valued at $1,260,000 after acquiring an additional 9,221 shares in the last quarter. Primoris Wealth Advisors LLC raised its stake in shares of BlackRock Investment Quality Municipal Trust by 78.9% in the 3rd quarter. Primoris Wealth Advisors LLC now owns 97,500 shares of the company’s stock valued at $1,260,000 after acquiring an additional 43,000 shares during the period. Virtu Financial LLC acquired a new stake in BlackRock Investment Quality Municipal Trust in the 3rd quarter valued at approximately $147,000. Finally, Koshinski Asset Management Inc. raised its position in BlackRock Investment Quality Municipal Trust by 30.4% in the fourth quarter. Koshinski Asset Management Inc. now owns 38,023 shares of the company’s stock valued at $424,000 after purchasing an additional 8,859 shares during the period. 26.67% of the stock is owned by institutional investors and hedge funds.

BlackRock Investment Quality Municipal Trust Stock Performance

NYSE:BKN opened at $11.68 on Monday. BlackRock Investment Quality Municipal Trust Inc. has a 52 week low of $11.01 and a 52 week high of $13.16. The stock’s fifty day moving average is $11.41 and its two-hundred day moving average is $12.10.

BlackRock Investment Quality Municipal Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be paid a dividend of $0.057 per share. This represents a $0.68 annualized dividend and a yield of 5.86%. The ex-dividend date of this dividend is Friday, February 14th.

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.