Advisors Asset Management Inc. cut its stake in shares of BlackRock Insured Municipal Income Trust (NYSE:BYM) by 2.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 198,001 shares of the company’s stock after selling 4,425 shares during the quarter. Advisors Asset Management Inc. owned approximately 0.75% of BlackRock Insured Municipal Income Trust worth $3,034,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. US Bancorp DE boosted its stake in BlackRock Insured Municipal Income Trust by 113.1% during the second quarter. US Bancorp DE now owns 8,327 shares of the company’s stock worth $108,000 after acquiring an additional 4,420 shares in the last quarter. Private Advisor Group LLC acquired a new position in BlackRock Insured Municipal Income Trust during the second quarter worth $229,000. Mariner Investment Group LLC acquired a new position in BlackRock Insured Municipal Income Trust during the second quarter worth $304,000. Raymond James Financial Services Advisors Inc. raised its holdings in BlackRock Insured Municipal Income Trust by 14.9% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 40,201 shares of the company’s stock worth $522,000 after buying an additional 5,207 shares during the last quarter. Finally, Landscape Capital Management L.L.C. raised its holdings in BlackRock Insured Municipal Income Trust by 226.9% during the first quarter. Landscape Capital Management L.L.C. now owns 59,436 shares of the company’s stock worth $782,000 after buying an additional 41,257 shares during the last quarter.

BYM opened at $12.66 on Wednesday. BlackRock Insured Municipal Income Trust has a 1-year low of $12.62 and a 1-year high of $15.03.

The firm also recently disclosed a monthly dividend, which will be paid on Monday, October 1st. Shareholders of record on Friday, September 14th will be issued a dividend of $0.052 per share. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $0.62 annualized dividend and a yield of 4.93%.

BlackRock Insured Municipal Income Trust Company Profile

BlackRock Municipal Income Quality Trust is a diversified perpetual closed-end management investment company. The Trust’s investment objective is to provide current income exempt from federal income taxes, including the alternative minimum tax. The Trust seeks to achieve its investment objective by investing, at least 80% of its managed assets in municipal bonds exempt from federal income taxes, including the alternative minimum tax.

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Institutional Ownership by Quarter for BlackRock Insured Municipal Income Trust (NYSE:BYM)

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