Cohen & Steers Inc. bought a new position in BlackRock Insured Municipal Income Trust (NYSE:BYM) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 38,521 shares of the company’s stock, valued at approximately $481,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CWM LLC acquired a new stake in shares of BlackRock Insured Municipal Income Trust during the fourth quarter worth $59,000. Element Pointe Advisors LLC acquired a new stake in shares of BlackRock Insured Municipal Income Trust during the fourth quarter worth $148,000. Hilltop Holdings Inc. acquired a new stake in shares of BlackRock Insured Municipal Income Trust during the third quarter worth $185,000. Oppenheimer & Co. Inc. raised its holdings in shares of BlackRock Insured Municipal Income Trust by 58.0% during the fourth quarter. Oppenheimer & Co. Inc. now owns 19,756 shares of the company’s stock worth $247,000 after acquiring an additional 7,256 shares during the period. Finally, LPL Financial LLC raised its holdings in shares of BlackRock Insured Municipal Income Trust by 33.5% during the third quarter. LPL Financial LLC now owns 22,098 shares of the company’s stock worth $282,000 after acquiring an additional 5,550 shares during the period.

Shares of NYSE:BYM opened at $13.34 on Friday. BlackRock Insured Municipal Income Trust has a 12 month low of $12.16 and a 12 month high of $13.51.

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

TRADEMARK VIOLATION WARNING: This piece was first reported by Marea Informative and is owned by of Marea Informative. If you are reading this piece on another site, it was illegally copied and reposted in violation of international copyright & trademark legislation. The correct version of this piece can be viewed at https://www.mareainformativa.com/news/2019/03/17/cohen-steers-inc-takes-position-in-blackrock-insured-municipal-income-trust-bym.html.

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.

Recommended Story: Rule of 72

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

Receive News & Ratings for BlackRock Insured Municipal Income Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackRock Insured Municipal Income Trust and related companies with MarketBeat.com's FREE daily email newsletter.