Ownership Action Alert: 0.67 is Blackrock Investment Quality Municipal Trust Inc’s (NYSE:BKN) Institutional Investor Sentiment

November 16, 2016 - By Adrian Mccoy   ·   0 Comments

Ownership Action Alert: 0.67 is Blackrock Investment Quality Municipal Trust Inc's (NYSE:BKN) Institutional Investor Sentiment

Sentiment for Blackrock Investment Quality Municipal Trust Inc (NYSE:BKN)

Blackrock Investment Quality Municipal Trust Inc (NYSE:BKN) institutional sentiment decreased to 0.67 in Q2 2016. Its down -0.16, from 0.83 in 2016Q1. The ratio has dropped, as 10 active investment managers started new and increased positions, while 15 trimmed and sold stakes in Blackrock Investment Quality Municipal Trust Inc. The active investment managers in our partner’s database reported: 1.09 million shares, down from 1.19 million shares in 2016Q1. Also, the number of active investment managers holding Blackrock Investment Quality Municipal Trust Inc in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 6 Reduced: 9 Increased: 9 New Position: 1.

BlackRock Investment Quality Municipal Trust, Inc. is a diversified, closed-end management investment company. The company has a market cap of $245.79 million. The Trust’s investment objective is to provide high current income exempt from regular federal income tax consistent with the preservation of capital. It currently has negative earnings. The Trust seeks to achieve its investment objective by investing approximately 80% of its assets in municipal obligations exempt from federal income taxes .

The stock increased 0.41% or $0.06 on November 15, hitting $14.73. BlackRock Inv. Quality Munic. Trust Inc. (NYSE:BKN) has declined 13.15% since April 14, 2016 and is downtrending. It has underperformed by 17.84% the S&P500.

Robinson Capital Management Llc holds 1.44% of its portfolio in BlackRock Inv. Quality Munic. Trust Inc. for 138,790 shares. Bank Of Stockton owns 21,400 shares or 0.2% of their US portfolio. Moreover, Shamrock Asset Management Llc has 0.11% invested in the company for 10,650 shares. The California-based National Planning Corp has invested 0.05% in the stock. Advisors Asset Management Inc., a Colorado-based fund reported 101,749 shares.#img1#

BKN Company Profile

BlackRock Investment Quality Municipal Trust Inc., incorporated on November 19, 1992, is an investment management company. The Company’s objective is to provide high current income exempt from regular federal income tax. The Company’s clients include retail, including high net worth, and institutional investors, comprised of pension funds, official institutions, endowments, insurance companies, firms, financial institutions, central banks and sovereign wealth funds.

More recent BlackRock Inv. Quality Munic. Trust Inc. (NYSE:BKN) news were published by: Nasdaq.com which released: “BlackRock New York Investment Quality Municipal Trust Inc. (BNY) Ex-Dividend …” on October 11, 2016. Also Businesswire.com published the news titled: “Fitch Affirms VRDP, VMTP, and RVMTP Shares Issued by 49 BlackRock Closed-End Funds” on May 05, 2014. Streetinsider.com‘s news article titled: “Form NSAR-B BLACKROCK MUNICIPAL INCO For: Aug 31” with publication date: October 28, 2016 was also an interesting one.

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By Adrian Mccoy


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