Bank of New York Mellon Corp Expands Stake in BlackRock Investment Quality Municipal Trust

On March 26th, 2025, it was reported that Bank of New York Mellon Corp has increased its investment in BlackRock Investment Quality Municipal Trust Inc. (NYSE:BKN) by 28.3% during the fourth quarter, as detailed in their recent 13F filing with the Securities and Exchange Commission. Following this acquisition, the bank now holds a total of 74,589 shares of BKN after purchasing an additional 16,445 shares in this reported period. The value of Bank of New York Mellon Corp's holdings in the trust was approximately $832,000 at the conclusion of this latest quarter.

In addition to Bank of New York Mellon Corp, other institutional investors have also adjusted their stakes in BlackRock Investment Quality Municipal Trust recently. Notable actions include Wolverine Asset Management LLC acquiring a new position valued at around $406,000 in the fourth quarter. Furthermore, Van ECK Associates Corp increased its shareholding by 7.9%, owning 106,618 shares worth about $1,189,000 after adding another 7,764 shares during the quarter. Virtu Financial LLC entered a new position in the trust in the previous third quarter, valued at approximately $147,000. Koshinski Asset Management Inc. also expanded its holdings by 30.4%, bringing its total to 38,023 shares valued around $424,000 after increasing their shares by 8,859. Collectively, institutional investors and hedge funds own 26.67% of BlackRock Investment Quality Municipal Trust stock.

Current Market Performance of BlackRock Investment Quality Municipal Trust

As of recent trading, shares of NYSE:BKN opened at $11.48. The stock has experienced a 12-month low of $11.01 and a high of $13.16, while its 50-day moving average stands at $11.52, and the 200-day moving average is at $11.96, indicating relatively stable trading patterns.

Dividend Announcement from BlackRock Investment Quality Municipal Trust

Additionally, the trust has announced a forthcoming monthly dividend, which will be disbursed on April 1st. Shareholders who were recorded on March 14th will receive a dividend payout of $0.057 per share. This results in an annualized dividend of $0.68 and a dividend yield of 5.96%. The ex-dividend date was noted as March 14th.

Company Overview of BlackRock Investment Quality Municipal Trust

BlackRock Investment Quality Municipal Trust Inc. is a closed-end fixed income mutual fund managed by BlackRock, Inc. The trust primarily invests in fixed income markets, focusing on investment-grade municipal bonds and obligations that are exempt from federal income taxes, providing investors with a reliable income source.

Bank, Investment, Shares