Bank of Stockton Increases Position in BlackRock Inv. Quality Munic. Trust Inc. (BKN)

Bank of Stockton boosted its holdings in shares of BlackRock Inv. Quality Munic. Trust Inc. (NYSE:BKN) by 34.8% in the 1st quarter, HoldingsChannel reports. The fund owned 15,500 shares of the company’s stock after acquiring an additional 4,000 shares during the quarter. Bank of Stockton’s holdings in BlackRock Inv. Quality Munic. Trust were worth $219,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Robinson Capital Management LLC grew its stake in BlackRock Inv. Quality Munic. Trust by 48.3% during the 1st quarter. Robinson Capital Management LLC now owns 465,762 shares of the company’s stock valued at $6,586,000 after acquiring an additional 151,590 shares in the last quarter. Karpus Management Inc. grew its stake in shares of BlackRock Inv. Quality Munic. Trust by 61.7% in the 4th quarter. Karpus Management Inc. now owns 441,496 shares of the company’s stock valued at $5,832,000 after buying an additional 168,541 shares during the period. Fiera Capital Corp grew its stake in shares of BlackRock Inv. Quality Munic. Trust by 18.5% in the 4th quarter. Fiera Capital Corp now owns 327,413 shares of the company’s stock valued at $4,325,000 after buying an additional 51,190 shares during the period. Cohen & Steers Inc. grew its stake in shares of BlackRock Inv. Quality Munic. Trust by 36.6% in the 4th quarter. Cohen & Steers Inc. now owns 156,106 shares of the company’s stock valued at $2,062,000 after buying an additional 41,812 shares during the period. Finally, Advisors Asset Management Inc. grew its stake in shares of BlackRock Inv. Quality Munic. Trust by 4.9% in the 4th quarter. Advisors Asset Management Inc. now owns 119,469 shares of the company’s stock valued at $1,578,000 after buying an additional 5,549 shares during the period. 18.29% of the stock is owned by institutional investors.

BlackRock Inv. Quality Munic. Trust stock opened at $14.42 on Wednesday. BlackRock Inv. Quality Munic. Trust Inc. has a 1-year low of $12.72 and a 1-year high of $14.49.

The firm also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th will be issued a dividend of $0.057 per share. The ex-dividend date is Friday, April 12th. This represents a $0.68 dividend on an annualized basis and a yield of 4.74%.

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BlackRock Inv. Quality Munic. 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.

Read More: What is a growth and income fund?

Want to see what other hedge funds are holding BKN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BlackRock Inv. Quality Munic. Trust Inc. (NYSE:BKN).

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

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