Sandy Spring Bank purchased a new position in shares of BlackRock Inv. Quality Munic. Trust Inc. (NYSE:BKN) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 9,327 shares of the company’s stock, valued at approximately $132,000.

Other hedge funds have also bought and sold shares of the company. James Investment Research Inc. bought a new stake in shares of BlackRock Inv. Quality Munic. Trust during the 4th quarter valued at $26,000. Larson Financial Group LLC bought a new stake in shares of BlackRock Inv. Quality Munic. Trust during the 4th quarter valued at $51,000. LPL Financial LLC boosted its holdings in shares of BlackRock Inv. Quality Munic. Trust by 14.8% during the 4th quarter. LPL Financial LLC now owns 11,916 shares of the company’s stock valued at $157,000 after buying an additional 1,535 shares in the last quarter. Dynamic Advisor Solutions LLC boosted its holdings in shares of BlackRock Inv. Quality Munic. Trust by 9.7% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 11,280 shares of the company’s stock valued at $159,000 after buying an additional 1,000 shares in the last quarter. Finally, Lantz Financial LLC bought a new stake in shares of BlackRock Inv. Quality Munic. Trust during the 1st quarter valued at $205,000. 18.78% of the stock is currently owned by hedge funds and other institutional investors.

BKN opened at $14.73 on Thursday. BlackRock Inv. Quality Munic. Trust Inc. has a 1 year low of $12.72 and a 1 year high of $14.88.

The business also recently declared a monthly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th will be given a $0.057 dividend. This represents a $0.68 annualized dividend and a dividend yield of 4.64%. The ex-dividend date of this dividend is Tuesday, May 14th.

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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.

Further Reading: Quiet Period Expirations

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

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