BlackRock Investment Quality Municipal Trust

BKN

Market cap $196M

Overview Fund Activity

11.39 USD

+0.01

0.09%

At close Updated Sep 12, 4:00 PM EDT

1 day

0.09%

5 days

2.89%

1 month

5.76%

3 months

5.07%

6 months

-0.09%

Year to date

0.89%

1 year

-11.36%

5 years

-29.95%

10 years

-22.78%

About: Blackrock Investment Quality Municipal Trust, Inc. is a closed-end management investment fund with the investment objective to provide high current income exempt from regular U.S. federal income tax consistent with the preservation of capital.

Financials Asset Management

0

Funds holding %

of 7,462 funds

–

Analysts bullish %

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

100% more first-time investments, than exits

New positions opened: 4 | Existing positions closed: 2

67% more repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 15

2% more funds holding

Funds holding: 66 [Q1] → 67 (+1) [Q2]

0.61% more ownership

Funds ownership: 26.2% [Q1] → 26.81% (+0.61%) [Q2]

20% less capital invested

Capital invested by funds: $64.3M [Q1] → $51.6M (-$12.7M) [Q2]

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Financial journalist opinion

BKN: A High Distribution Part Funded By Return Of Capital

I avoid funds like BKN that fund distributions with return of capital, as it risks misleading investors about true income. While the fund offers a high tax-free distribution rate, a significant portion is return of capital, not earned income, which I find problematic. Long-tenor muni bond funds like BKN inherently carry interest rate risk, but that's a normal trade-off for higher yields in this space.

BKN: A High Distribution Part Funded By Return Of Capital

BKN: A Good Closed-End Fund Way To Access Munis

BlackRock Investment Quality Municipal Trust is a closed-end fund that offers exposure to tax-exempt municipal bonds. The fund has a well-diversified portfolio with strong credit quality and a focus on capital preservation. BKN may lag behind the iShares National Muni Bond ETF due to its higher fees and use of leverage, but it offers tax advantages for investors.

Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds

NEW YORK--(BUSINESS WIRE)---- $BBN--Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below. Certain BlackRock Funds previously declared their June distributions on May 20, 2024 BlackRock ESG Capital Allocation Term Trust (NYSE: ECAT), BlackRock Capital Allocation Term Trust (NYSE: BCAT), BlackRock Health Sciences Term Trust (NYSE: BMEZ), BlackRock Science and Technology Term Trust (NYSE: BSTZ), and BlackRock Innovation and Growth Term Trust (NYSE: BIGZ) previous.

Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds

Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds

NEW YORK--(BUSINESS WIRE)--Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below. Municipal Funds: Declaration- 3/1/2024 Ex-Date- 3/14/2024 Record- 3/15/2024 Payable- 4/1/2024 National Funds Ticker Distribution Change From Prior Distribution BlackRock Municipal Income Quality Trust* BYM $0.052500 - BlackRock Long-Term Municipal Advantage Trust* BTA $0.043500 - BlackRock MuniAssets Fund, Inc.* MUA $0.055500 - BlackRock Municipal Income Fund, Inc.

Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds

Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds

NEW YORK--(BUSINESS WIRE)--Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below. BlackRock Floating Rate Income Trust (NYSE: BGT), BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE: FRA) and BlackRock Debt Strategies Fund, Inc. (NYSE: DSU) announced increases to their monthly distributions. Certain BlackRock municipal Funds previously declared their December, January and February distributions and declared special distributions today in order.

Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds

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