BlackRock Municipal Income Investment Quality Trust
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Company profile

BlackRock Municipal Income Investment Quality Trust is a non-diversified, closed-end management investment company. The Trust's investment objective is to provide current income exempt from federal income tax, including the alternative minimum tax and Florida intangible property tax. It seeks to achieve its investment objective by investing at least 80% of its managed assets in municipal bonds exempt from federal income taxes, including the alternative minimum tax. It also invests at least 80% of its assets in municipal bonds that are investment grade quality at the time of investment or, if unrated, determined to be of comparable quality by the investment advisor. The Trust may invest directly in such securities or synthetically through the use of derivatives. It invests in sectors, such as county/city/special district/school district, transportation, utilities, health, state, education, tobacco, corporate and housing. BlackRock Advisors, LLC is the investment advisor of the Trust.

Closing Price
$14.90
Day's Change
-0.0398 (-0.27%)
Bid
--
Ask
--
B/A Size
--
Day's High
14.94
Day's Low
14.85
Volume
(Below Average)
Volume:
12,683

10-day average volume:
15,005
12,683

UPDATE: Apple could face shortage of critical chips for its new iPhones: report

10:44 pm ET November 4, 2020 (MarketWatch)
Print

By Mike Murphy

Apple Inc. may face a shortage of critical power-management chips in its new iPhones and other devices, raising questions about its ability to meet holiday-season demand, Bloomberg News reported (https://www.bloomberg.com/news/articles/2020-11-05/apple-is-said-to-face-shortages-in-power-chips-for-iphone-12?sref=Oeyjq8by&utm_source=twitter&utm_medium=social&utm_content=tech&utm_campaign=socialflow-organic&cmpid%3D=socialflow-twitter-tech) late Wednesday.

Citing unnamed people with knowledge of the matter, Bloomberg News said it's unclear how seriously Apple (AAPL) will be affected, and noted suppliers are likely to prioritize deliveries to Apple, perhaps to the detriment of other customers.

Sources told Bloomberg that increased global demand for chips, combined with pandemic disruptions, are behind the potential shortfall. The problem is compounded by chip makers stockpiling inventory as they face uncertain times.

The new 5G iPhone 12 devices consume more power, requiring more power-management chips.

Apple reported mixed quarterly earnings last week (https://www.marketwatch.com/story/apple-posts-best-september-revenue-yet-but-stock-dips-in-late-trading-11604004000), but did not provide a holiday-quarter forecast, leading to some mystery (https://www.marketwatch.com/story/apple-iphone-mystery-leaves-analysts-divided-about-supercycle-potential-11604072042) over the tech giant's sales expectations.

Apple shares are up 57% year to date, compared to a 2.4% decline by the Dow Jones Industrial Average , of which it is a component.

-Mike Murphy; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

November 04, 2020 22:44 ET (03:44 GMT)

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