Koshinski Asset Management Inc. Reduces Stock Position in BlackRock Inv. Quality Munic. Trust Inc. (NYSE:BKN)

Koshinski Asset Management Inc. lessened its stake in shares of BlackRock Inv. Quality Munic. Trust Inc. (NYSE:BKN) by 9.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,770 shares of the company’s stock after selling 2,505 shares during the quarter. Koshinski Asset Management Inc.’s holdings in BlackRock Inv. Quality Munic. Trust were worth $340,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV purchased a new stake in BlackRock Inv. Quality Munic. Trust during the 1st quarter worth about $261,000. FNY Investment Advisers LLC acquired a new stake in BlackRock Inv. Quality Munic. Trust in the 1st quarter worth about $242,000. Raymond James Financial Services Advisors Inc. acquired a new stake in BlackRock Inv. Quality Munic. Trust in the 4th quarter worth about $253,000. James Investment Research Inc. boosted its stake in BlackRock Inv. Quality Munic. Trust by 50.0% in the 1st quarter. James Investment Research Inc. now owns 3,000 shares of the company’s stock worth $42,000 after buying an additional 1,000 shares during the last quarter. Finally, Bank of Stockton boosted its stake in BlackRock Inv. Quality Munic. Trust by 34.8% in the 1st quarter. Bank of Stockton now owns 15,500 shares of the company’s stock worth $219,000 after buying an additional 4,000 shares during the last quarter. Hedge funds and other institutional investors own 16.74% of the company’s stock.

NYSE:BKN traded down $0.03 during mid-day trading on Wednesday, reaching $15.63. The company’s stock had a trading volume of 100 shares, compared to its average volume of 36,035. The stock’s fifty day moving average price is $15.05. BlackRock Inv. Quality Munic. Trust Inc. has a twelve month low of $12.72 and a twelve month high of $15.86.

The firm also recently declared a monthly dividend, which was paid on Monday, July 1st. Shareholders of record on Friday, June 14th were paid a $0.057 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 4.38%. The ex-dividend date was Thursday, June 13th.

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.

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

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