Wolverine Asset Management LLC Invests $406,000 in BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN)

Wolverine Asset Management LLC purchased a new stake in BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 36,391 shares of the company’s stock, valued at approximately $406,000.

Several other hedge funds also recently added to or reduced their stakes in BKN. Primoris Wealth Advisors LLC lifted its position in shares of BlackRock Investment Quality Municipal Trust by 78.9% during the 3rd quarter. Primoris Wealth Advisors LLC now owns 97,500 shares of the company’s stock worth $1,260,000 after buying an additional 43,000 shares during the last quarter. Virtu Financial LLC purchased a new stake in BlackRock Investment Quality Municipal Trust in the third quarter valued at $147,000. Van ECK Associates Corp lifted its position in BlackRock Investment Quality Municipal Trust by 10.3% in the third 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 during the last quarter. Finally, Koshinski Asset Management Inc. boosted its stake 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 acquiring an additional 8,859 shares in the last quarter. 26.67% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock Investment Quality Municipal Trust Stock Up 0.1 %

Shares of BKN stock opened at $11.68 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 stock’s 50-day moving average is $11.41 and its two-hundred day moving average is $12.10.

BlackRock Investment Quality Municipal Trust Dividend Announcement

The company also recently declared 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. The ex-dividend date is Friday, February 14th. This represents a $0.68 dividend on an annualized basis and a yield of 5.86%.

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.