BlackRock Muni Income Investment Trust (NYSE:BBF) Stock Price Down 0.4%

BlackRock Muni Income Investment Trust (NYSE:BBF) dropped 0.4% during trading on Tuesday . The company traded as low as $13.71 and last traded at $13.71, approximately 399 shares changed hands during mid-day trading. A decline of 98% from the average daily volume of 18,698 shares. The stock had previously closed at $13.76.

The business has a 50-day moving average of $13.92 and a 200 day moving average of $14.10.

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a $0.0505 dividend. This represents a $0.61 dividend on an annualized basis and a yield of 4.44%. The ex-dividend date is Friday, December 13th.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ladenburg Thalmann Financial Services Inc. raised its position in BlackRock Muni Income Investment Trust by 199.4% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,500 shares of the company’s stock valued at $106,000 after buying an additional 4,995 shares during the last quarter. Wells Fargo & Company MN raised its position in BlackRock Muni Income Investment Trust by 7.3% in the 2nd quarter. Wells Fargo & Company MN now owns 10,546 shares of the company’s stock valued at $148,000 after buying an additional 721 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in BlackRock Muni Income Investment Trust in the 3rd quarter valued at $175,000. Finally, Sigma Planning Corp raised its position in BlackRock Muni Income Investment Trust by 64.7% in the 2nd quarter. Sigma Planning Corp now owns 23,298 shares of the company’s stock valued at $328,000 after buying an additional 9,151 shares during the last quarter.

About BlackRock Muni Income Investment Trust (NYSE:BBF)

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

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