BlackRock Investment Quality Municipal Trust
BKN
BKN was delisted on the 20th of February, 2026.
58 hedge funds and large institutions have $38.5M invested in BlackRock Investment Quality Municipal Trust in 2023 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 16 increasing their positions, 17 reducing their positions, and 8 closing their positions.
16% more capital invested
Capital invested by funds: $33.1M → $38.5M (+$5.42M)
2.1% more ownership
Funds ownership: 16.46% → 18.56% (+2.1%)
6% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 17
3% less funds holding
Funds holding: 60 → 58 (-2)
25% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$5.01M |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$750K |
| 3 |
Morgan Stanley
New York
|
+$575K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$321K |
| 5 |
VanEck Associates
New York
|
+$297K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.06M |
| 2 |
SM
SG3 Management
Dorado,
Puerto Rico
|
-$466K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$407K |
| 4 |
IA
IFP Advisors
Tampa,
Florida
|
-$234K |
| 5 |
Koshinski Asset Management
Decatur,
Illinois
|
-$223K |
BKN Hedge Fund Activity: Q1 2023 in Review
58 of the 6,286 institutional investors tracked by Wall St. Rank reported a position in BlackRock Investment Quality Municipal Trust (BKN) for Q1 2023, worth a combined $38.5M — up 16% from $33.1M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of BKN and 6 opened new positions — a net loss of 2 holders — while 17 trimmed existing stakes and 16 added.
The largest buyer was Raymond James Financial Services Advisors, adding an estimated $5.01M. The largest seller was Rivernorth Capital Management, cutting an estimated $1.06M.
- 58 institutional investors held BlackRock Investment Quality Municipal Trust (BKN) as of Q1 2023, down from 60 in Q4 2022.
- Funds reported $38.5M of BlackRock Investment Quality Municipal Trust stock for Q1 2023, up 16% quarter-over-quarter.
- 6 funds opened new BlackRock Investment Quality Municipal Trust positions in Q1 2023 and 8 closed out, a net change of -2 holders.
- The largest BlackRock Investment Quality Municipal Trust buyer in Q1 2023 was Raymond James Financial Services Advisors, an estimated $5.01M added.
- The largest BlackRock Investment Quality Municipal Trust seller in Q1 2023 was Rivernorth Capital Management, an estimated $1.06M sold.
Based on aggregated 13F filings for Q1 2023.