Fiera Capital Corp Buys New Holdings in BlackRock Inv. Quality Munic. Trust Inc. (NYSE:BKN)

Fiera Capital Corp bought a new stake in BlackRock Inv. Quality Munic. Trust Inc. (NYSE:BKN) during the 1st quarter, HoldingsChannel reports. The institutional investor bought 208,988 shares of the company’s stock, valued at approximately $3,162,000.

A number of other large investors have also recently modified their holdings of BKN. ProVise Management Group LLC raised its holdings in BlackRock Inv. Quality Munic. Trust by 2.9% during the first quarter. ProVise Management Group LLC now owns 24,142 shares of the company’s stock worth $365,000 after purchasing an additional 675 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in BlackRock Inv. Quality Munic. Trust by 4.8% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 15,433 shares of the company’s stock worth $234,000 after purchasing an additional 703 shares in the last quarter. US Bancorp DE raised its holdings in BlackRock Inv. Quality Munic. Trust by 11.2% during the fourth quarter. US Bancorp DE now owns 9,900 shares of the company’s stock worth $154,000 after purchasing an additional 1,000 shares in the last quarter. Sound Income Strategies LLC acquired a new stake in BlackRock Inv. Quality Munic. Trust during the first quarter worth approximately $25,000. Finally, Bartlett & Co. LLC acquired a new stake in BlackRock Inv. Quality Munic. Trust during the first quarter worth approximately $26,000. 13.96% of the stock is currently owned by hedge funds and other institutional investors.

BKN stock opened at $14.90 on Friday. BlackRock Inv. Quality Munic. Trust Inc. has a twelve month low of $10.73 and a twelve month high of $16.30. The company’s 50 day moving average is $14.74 and its two-hundred day moving average is $15.26.

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 15th will be issued a dividend of $0.059 per share. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $0.71 dividend on an annualized basis and a yield of 4.75%.

About BlackRock Inv. Quality Munic. 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.

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

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