FNY Investment Advisers LLC Takes $242,000 Position in BlackRock Inv. Quality Munic. Trust Inc. (BKN)

FNY Investment Advisers LLC bought a new position in BlackRock Inv. Quality Munic. Trust Inc. (NYSE:BKN) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 17,142 shares of the company’s stock, valued at approximately $242,000. FNY Investment Advisers LLC owned 0.10% of BlackRock Inv. Quality Munic. Trust as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. James Investment Research Inc. bought a new position in BlackRock Inv. Quality Munic. Trust in the fourth quarter valued at $26,000. Larson Financial Group LLC bought a new position in BlackRock Inv. Quality Munic. Trust in the fourth quarter valued at $51,000. LPL Financial LLC grew its position in BlackRock Inv. Quality Munic. Trust by 14.8% in the fourth quarter. LPL Financial LLC now owns 11,916 shares of the company’s stock valued at $157,000 after purchasing an additional 1,535 shares in the last quarter. Dynamic Advisor Solutions LLC grew its position in BlackRock Inv. Quality Munic. Trust by 9.7% in the first quarter. Dynamic Advisor Solutions LLC now owns 11,280 shares of the company’s stock valued at $159,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in BlackRock Inv. Quality Munic. Trust in the third quarter valued at $170,000. Institutional investors own 18.70% of the company’s stock.

BlackRock Inv. Quality Munic. Trust stock traded up $0.02 during mid-day trading on Friday, reaching $14.72. The company’s stock had a trading volume of 23,367 shares, compared to its average volume of 60,254. BlackRock Inv. Quality Munic. Trust Inc. has a 12 month low of $12.72 and a 12 month high of $14.74.

The firm also recently announced a monthly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 15th will be given a $0.057 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 4.65%. The ex-dividend date is Tuesday, May 14th.

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BlackRock Inv. Quality Munic. 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.

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Institutional Ownership by Quarter for BlackRock Inv. Quality Munic. Trust (NYSE:BKN)

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