American National Bank acquired a new position in Blackrock MuniEnhanced Fund Inc. (NYSE:MEN) in the first quarter, HoldingsChannel.com reports. The fund acquired 6,000 shares of the closed-end fund’s stock, valued at approximately $64,000.
Other institutional investors have also bought and sold shares of the company. Smith Moore & CO. acquired a new stake in shares of Blackrock MuniEnhanced Fund in the 3rd quarter worth $109,000. Graves Light Private Wealth Management Inc. acquired a new stake in shares of Blackrock MuniEnhanced Fund in the 4th quarter worth $137,000. Truvestments Capital LLC acquired a new stake in shares of Blackrock MuniEnhanced Fund in the 1st quarter worth $303,000. Millennium Management LLC acquired a new stake in shares of Blackrock MuniEnhanced Fund in the 4th quarter worth $317,000. Finally, Usca Ria LLC boosted its position in shares of Blackrock MuniEnhanced Fund by 63.6% in the 4th quarter. Usca Ria LLC now owns 37,425 shares of the closed-end fund’s stock worth $371,000 after purchasing an additional 14,550 shares in the last quarter.
Blackrock MuniEnhanced Fund stock opened at $10.73 on Tuesday. Blackrock MuniEnhanced Fund Inc. has a 1-year low of $9.63 and a 1-year high of $10.85.
The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th will be given a $0.044 dividend. The ex-dividend date is Friday, April 12th. This represents a $0.53 dividend on an annualized basis and a dividend yield of 4.92%.
Blackrock MuniEnhanced Fund Profile
BlackRock MuniEnhanced Fund, Inc 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, long-term municipal bonds that are exempt from federal income taxes.
Featured Story: Dow Jones Industrial Average (DJIA)
Want to see what other hedge funds are holding MEN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Blackrock MuniEnhanced Fund Inc. (NYSE:MEN).
Receive News & Ratings for Blackrock MuniEnhanced Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blackrock MuniEnhanced Fund and related companies with MarketBeat.com's FREE daily email newsletter.