Cohen & Steers Inc. acquired a new stake in BlackRock Insured Municipal Income Trust (NYSE:BYM) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 38,521 shares of the company’s stock, valued at approximately $481,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in BYM. Wells Fargo & Company MN boosted its stake in BlackRock Insured Municipal Income Trust by 77.9% in the third quarter. Wells Fargo & Company MN now owns 212,220 shares of the company’s stock valued at $2,713,000 after acquiring an additional 92,933 shares during the period. PNC Financial Services Group Inc. boosted its stake in BlackRock Insured Municipal Income Trust by 21.4% in the third quarter. PNC Financial Services Group Inc. now owns 92,526 shares of the company’s stock valued at $1,183,000 after acquiring an additional 16,281 shares during the period. City of London Investment Management Co. Ltd. acquired a new position in BlackRock Insured Municipal Income Trust in the third quarter valued at approximately $669,000. LPL Financial LLC boosted its stake in BlackRock Insured Municipal Income Trust by 33.5% in the third quarter. LPL Financial LLC now owns 22,098 shares of the company’s stock valued at $282,000 after acquiring an additional 5,550 shares during the period. Finally, Hilltop Holdings Inc. acquired a new position in BlackRock Insured Municipal Income Trust in the third quarter valued at approximately $185,000.

Shares of BYM stock opened at $13.34 on Friday. BlackRock Insured Municipal Income Trust has a 52 week low of $12.16 and a 52 week high of $13.51.

The business also recently announced a monthly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 15th will be paid a $0.052 dividend. The ex-dividend date is Thursday, March 14th. This represents a $0.62 dividend on an annualized basis and a yield of 4.68%.

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About BlackRock Insured Municipal Income Trust

BlackRock Municipal Income Quality Trust is a closed-ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in the fixed income markets of the United States. It primarily invests in investment grade municipal bonds exempt from federal income taxes, including the alternative minimum tax.

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Want to see what other hedge funds are holding BYM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BlackRock Insured Municipal Income Trust (NYSE:BYM).

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

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