BlackRock Investment Quality Municipal Trust
BKN
BKN was delisted on the 20th of February, 2026.
67 hedge funds and large institutions have $51.5M invested in BlackRock Investment Quality Municipal Trust in 2025 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 25 increasing their positions, 15 reducing their positions, and 2 closing their positions.
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 → 67 (+1)
0.59% more ownership
Funds ownership: 26.2% → 26.79% (+0.59%)
20% less capital invested
Capital invested by funds: $64.3M → $51.5M (-$12.7M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
+$1.52M |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$1.08M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$1.05M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$777K |
| 5 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$732K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SG
Sienna Gestion
Paris,
France
|
-$12.6M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$2.48M |
| 3 |
CMI
Clare Market Investments
Dallas,
Texas
|
-$802K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$459K |
| 5 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$337K |
BKN Hedge Fund Activity: Q2 2025 in Review
67 of the 7,573 institutional investors tracked by Wall St. Rank reported a position in BlackRock Investment Quality Municipal Trust (BKN) for Q2 2025, worth a combined $51.5M — down 20% from $64.3M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new BKN positions and 2 closed out — a net gain of 2 holders — while 25 added to existing stakes and 15 trimmed.
The largest buyer was Hennion & Walsh Asset Management, adding an estimated $1.52M. The largest seller was Sienna Gestion, exiting entirely with an estimated $12.6M sold.
- 67 institutional investors held BlackRock Investment Quality Municipal Trust (BKN) as of Q2 2025, up from 66 in Q1 2025.
- Funds reported $51.5M of BlackRock Investment Quality Municipal Trust stock for Q2 2025, down 20% quarter-over-quarter.
- 4 funds opened new BlackRock Investment Quality Municipal Trust positions in Q2 2025 and 2 closed out, a net change of +2 holders.
- The largest BlackRock Investment Quality Municipal Trust buyer in Q2 2025 was Hennion & Walsh Asset Management, an estimated $1.52M added.
- The largest BlackRock Investment Quality Municipal Trust seller in Q2 2025 was Sienna Gestion, an estimated $12.6M sold.
Based on aggregated 13F filings for Q2 2025.