BlackRock Investment Quality Municipal Trust
BKN
BKN was delisted on the 20th of February, 2026.
68 hedge funds and large institutions have $44.5M invested in BlackRock Investment Quality Municipal Trust in 2023 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 23 increasing their positions, 16 reducing their positions, and 3 closing their positions.
333% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 3
44% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 16
17% more funds holding
Funds holding: 58 → 68 (+10)
16% more capital invested
Capital invested by funds: $38.2M → $44.5M (+$6.24M)
3.64% more ownership
Funds ownership: 18.56% → 22.2% (+3.6%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$2.21M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$2.17M |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$1.41M |
| 4 |
WP
Woodline Partners
San Francisco,
California
|
+$856K |
| 5 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$801K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$4.6M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$149K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$144K |
| 4 |
KPWS
Kestra Private Wealth Services
Austin,
Texas
|
-$129K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$124K |
BKN Hedge Fund Activity: Q2 2023 in Review
68 of the 6,367 institutional investors tracked by Wall St. Rank reported a position in BlackRock Investment Quality Municipal Trust (BKN) for Q2 2023, worth a combined $44.5M — up 16% from $38.2M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new BKN positions and 3 closed out — a net gain of 10 holders — while 23 added to existing stakes and 16 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $2.21M. The largest seller was Raymond James Financial Services Advisors, cutting an estimated $4.6M.
- 68 institutional investors held BlackRock Investment Quality Municipal Trust (BKN) as of Q2 2023, up from 58 in Q1 2023.
- Funds reported $44.5M of BlackRock Investment Quality Municipal Trust stock for Q2 2023, up 16% quarter-over-quarter.
- 13 funds opened new BlackRock Investment Quality Municipal Trust positions in Q2 2023 and 3 closed out, a net change of +10 holders.
- The largest BlackRock Investment Quality Municipal Trust buyer in Q2 2023 was Rivernorth Capital Management, an estimated $2.21M added.
- The largest BlackRock Investment Quality Municipal Trust seller in Q2 2023 was Raymond James Financial Services Advisors, an estimated $4.6M sold.
Based on aggregated 13F filings for Q2 2023.