BlackRock Investment Quality Municipal Trust
BKN
BKN was delisted on the 20th of February, 2026.
60 hedge funds and large institutions have $51M invested in BlackRock Investment Quality Municipal Trust in 2024 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 20 increasing their positions, 14 reducing their positions, and 5 closing their positions.
43% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 14
2% more capital invested
Capital invested by funds: $50.2M → $51M (+$830K)
1.4% less ownership
Funds ownership: 24.36% → 22.96% (-1.4%)
3% less funds holding
Funds holding: 62 → 60 (-2)
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CMI
Clare Market Investments
Dallas,
Texas
|
+$1.65M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$1.51M |
| 3 |
PWA
Primoris Wealth Advisors
North Palm Beach,
Florida
|
+$531K |
| 4 |
VF
Virtu Financial
New York
|
+$141K |
| 5 |
Koshinski Asset Management
Decatur,
Illinois
|
+$140K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Stifel Financial
St. Louis,
Missouri
|
-$2.24M |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$1.88M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$788K |
| 4 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$554K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$431K |
BKN Hedge Fund Activity: Q3 2024 in Review
60 of the 6,952 institutional investors tracked by Wall St. Rank reported a position in BlackRock Investment Quality Municipal Trust (BKN) for Q3 2024, worth a combined $51M — up 1.7% from $50.2M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of BKN and 4 opened new positions — a net loss of 1 holder — while 14 trimmed existing stakes and 20 added.
The largest buyer was Clare Market Investments, adding an estimated $1.65M. The largest seller was Stifel Financial, cutting an estimated $2.24M.
- 60 institutional investors held BlackRock Investment Quality Municipal Trust (BKN) as of Q3 2024, down from 62 in Q2 2024.
- Funds reported $51M of BlackRock Investment Quality Municipal Trust stock for Q3 2024, up 1.7% quarter-over-quarter.
- 4 funds opened new BlackRock Investment Quality Municipal Trust positions in Q3 2024 and 5 closed out, a net change of -1 holder.
- The largest BlackRock Investment Quality Municipal Trust buyer in Q3 2024 was Clare Market Investments, an estimated $1.65M added.
- The largest BlackRock Investment Quality Municipal Trust seller in Q3 2024 was Stifel Financial, an estimated $2.24M sold.
Based on aggregated 13F filings for Q3 2024.