Clare Market Investments LLC Invests $960,000 in BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN)

Clare Market Investments LLC bought a new position in shares of BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 86,080 shares of the company’s stock, valued at approximately $960,000.

A number of other large investors also recently modified their holdings of BKN. Virtu Financial LLC acquired a new position in shares of BlackRock Investment Quality Municipal Trust during the third quarter worth approximately $147,000. NINE MASTS CAPITAL Ltd lifted its position in shares of BlackRock Investment Quality Municipal Trust by 12.8% during the fourth quarter. NINE MASTS CAPITAL Ltd now owns 24,119 shares of the company’s stock worth $269,000 after purchasing an additional 2,728 shares in the last quarter. Ackerman Capital Advisors LLC acquired a new position in shares of BlackRock Investment Quality Municipal Trust during the fourth quarter worth approximately $314,000. Wolverine Asset Management LLC acquired a new position in shares of BlackRock Investment Quality Municipal Trust during the fourth quarter worth approximately $406,000. Finally, Koshinski Asset Management Inc. lifted its position in shares of BlackRock Investment Quality Municipal Trust by 30.4% during the fourth quarter. Koshinski Asset Management Inc. now owns 38,023 shares of the company’s stock worth $424,000 after purchasing an additional 8,859 shares in the last quarter. 26.67% of the stock is currently owned by institutional investors and hedge funds.

BlackRock Investment Quality Municipal Trust Trading Down 0.6 %

Shares of BKN stock opened at $11.54 on Monday. BlackRock Investment Quality Municipal Trust Inc. has a 1 year low of $11.01 and a 1 year high of $13.16. The firm’s 50 day moving average is $11.48 and its 200-day moving average is $12.05.

BlackRock Investment Quality Municipal Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be issued a $0.057 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.68 annualized dividend and a yield of 5.93%.

About BlackRock Investment Quality Municipal Trust

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.