Robinson Capital Management LLC reduced its stake in shares of BlackRock Inv. Quality Munic. Trust Inc. (NYSE:BKN) by 40.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 80,123 shares of the company’s stock after selling 54,177 shares during the quarter. Robinson Capital Management LLC’s holdings in BlackRock Inv. Quality Munic. Trust were worth $1,248,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Koshinski Asset Management Inc. acquired a new position in BlackRock Inv. Quality Munic. Trust during the 4th quarter worth $352,000. Mackay Shields LLC boosted its holdings in shares of BlackRock Inv. Quality Munic. Trust by 190.0% in the 3rd quarter. Mackay Shields LLC now owns 316,713 shares of the company’s stock valued at $4,928,000 after buying an additional 207,519 shares during the period. First Trust Advisors LP boosted its holdings in shares of BlackRock Inv. Quality Munic. Trust by 11.7% in the 3rd quarter. First Trust Advisors LP now owns 52,263 shares of the company’s stock valued at $813,000 after buying an additional 5,477 shares during the period. Invesco Ltd. boosted its holdings in shares of BlackRock Inv. Quality Munic. Trust by 4.6% in the 2nd quarter. Invesco Ltd. now owns 83,782 shares of the company’s stock valued at $1,252,000 after buying an additional 3,661 shares during the period. Finally, Creative Planning boosted its holdings in shares of BlackRock Inv. Quality Munic. Trust by 9.4% in the 4th quarter. Creative Planning now owns 35,009 shares of the company’s stock valued at $545,000 after buying an additional 3,009 shares during the period. 13.67% of the stock is owned by institutional investors.

Shares of NYSE BKN traded down $0.04 during midday trading on Friday, hitting $16.00. The company’s stock had a trading volume of 584 shares, compared to its average volume of 28,707. BlackRock Inv. Quality Munic. Trust Inc. has a 1-year low of $13.82 and a 1-year high of $16.14. The firm’s fifty day moving average price is $15.80 and its 200-day moving average price is $15.60.

The firm also recently declared a monthly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Friday, February 14th will be issued a $0.057 dividend. This represents a $0.68 annualized dividend and a dividend yield of 4.28%. The ex-dividend date is Thursday, February 13th.

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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