HighTower Advisors LLC boosted its holdings in shares of BlackRock Muni Income Investment Trust (NYSE:BBF) by 0.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,056 shares of the company’s stock after purchasing an additional 65 shares during the period. HighTower Advisors LLC’s holdings in BlackRock Muni Income Investment Trust were worth $272,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. MML Investors Services LLC increased its holdings in BlackRock Muni Income Investment Trust by 30.8% during the 2nd quarter. MML Investors Services LLC now owns 14,721 shares of the company’s stock valued at $221,000 after purchasing an additional 3,463 shares in the last quarter. Wells Fargo & Company MN increased its holdings in BlackRock Muni Income Investment Trust by 14.6% during the 2nd quarter. Wells Fargo & Company MN now owns 38,086 shares of the company’s stock valued at $571,000 after purchasing an additional 4,840 shares in the last quarter. Finally, Sheaff Brock Investment Advisors LLC acquired a new stake in BlackRock Muni Income Investment Trust during the 2nd quarter valued at $217,000.

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Shares of BlackRock Muni Income Investment Trust (NYSE BBF) opened at 14.735 on Tuesday. The company’s 50-day moving average price is $14.82 and its 200-day moving average price is $14.87. BlackRock Muni Income Investment Trust has a 12-month low of $13.46 and a 12-month high of $15.44.

The firm also recently announced a monthly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Monday, October 16th will be paid a dividend of $0.0724 per share. This represents a $0.87 annualized dividend and a yield of 5.89%. The ex-dividend date of this dividend is Friday, October 13th.

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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