Wolverine Asset Management LLC purchased a new position in BlackRock Muni Income Investment Trust (NYSE:BBF) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 10,162 shares of the company’s stock, valued at approximately $142,000. Wolverine Asset Management LLC owned 0.10% of BlackRock Muni Income Investment Trust at the end of the most recent quarter.
Separately, Wells Fargo & Company MN lifted its stake in shares of BlackRock Muni Income Investment Trust by 146.1% in the 4th quarter. Wells Fargo & Company MN now owns 92,388 shares of the company’s stock worth $1,295,000 after acquiring an additional 54,848 shares during the period.
Shares of NYSE:BBF traded down $0.04 during trading on Friday, reaching $13.14. The company had a trading volume of 22,640 shares, compared to its average volume of 30,805. BlackRock Muni Income Investment Trust has a twelve month low of $13.00 and a twelve month high of $15.80.
The business also recently declared a monthly dividend, which will be paid on Tuesday, May 1st. Stockholders of record on Monday, April 16th will be paid a $0.0665 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 6.07%. The ex-dividend date is Friday, April 13th.
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About BlackRock Muni Income Investment Trust
BlackRock Municipal Income Investment Trust (the Trust) is a non-diversified, closed-end management investment company. The Trust’s investment objective is to provide current income exempt from regular federal income tax and Florida intangible personal property tax. The Trust seeks to achieve its investment objective by investing at least 80% of its assets in municipal bonds exempt from federal income taxes and Florida intangible personal property tax.
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