BlackRock Inv. Quality Munic. Trust Inc. (NYSE:BKN) hit a new 52-week high during trading on Monday . The stock traded as high as $14.48 and last traded at $14.47, with a volume of 389 shares changing hands. The stock had previously closed at $14.38.

The company also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 15th will be paid a $0.057 dividend. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.68 annualized dividend and a dividend yield of 4.73%.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Dakota Wealth Management grew its stake in shares of BlackRock Inv. Quality Munic. Trust by 160.9% in the 4th quarter. Dakota Wealth Management now owns 54,527 shares of the company’s stock valued at $737,000 after buying an additional 33,627 shares in the last quarter. James Investment Research Inc. bought a new stake in shares of BlackRock Inv. Quality Munic. Trust in the 4th quarter valued at approximately $26,000. Financial & Investment Management Group Ltd. bought a new stake in shares of BlackRock Inv. Quality Munic. Trust in the 4th quarter valued at approximately $410,000. Wells Fargo & Company MN grew its stake in shares of BlackRock Inv. Quality Munic. Trust by 34.5% in the 3rd quarter. Wells Fargo & Company MN now owns 110,503 shares of the company’s stock valued at $1,466,000 after buying an additional 28,343 shares in the last quarter. Finally, Mackay Shields LLC bought a new stake in shares of BlackRock Inv. Quality Munic. Trust in the 4th quarter valued at approximately $1,007,000. 18.29% of the stock is owned by institutional investors and hedge funds.

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BlackRock Inv. Quality Munic. Trust Company Profile (NYSE:BKN)

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 the Ex-Dividend Date in Investing?

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