Morgan Stanley boosted its holdings in Blackrock MuniEnhanced Fund Inc. (NYSE:MEN) by 15.4% in the third quarter, Holdings Channel reports. The institutional investor owned 421,852 shares of the closed-end fund’s stock after buying an additional 56,417 shares during the period. Morgan Stanley’s holdings in Blackrock MuniEnhanced Fund were worth $4,248,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Usca Ria LLC raised its holdings in Blackrock MuniEnhanced Fund by 31.7% during the 3rd quarter. Usca Ria LLC now owns 22,875 shares of the closed-end fund’s stock worth $230,000 after purchasing an additional 5,500 shares during the last quarter. Smith Moore & CO. bought a new position in Blackrock MuniEnhanced Fund during the 3rd quarter worth approximately $109,000. Finally, Oppenheimer & Co. Inc. bought a new position in Blackrock MuniEnhanced Fund during the 3rd quarter worth approximately $103,000.
Blackrock MuniEnhanced Fund stock opened at $10.68 on Friday. Blackrock MuniEnhanced Fund Inc. has a 52-week low of $9.63 and a 52-week high of $10.77.
The company also recently declared a monthly dividend, which will be paid on Friday, March 1st. Shareholders of record on Friday, February 15th will be issued a dividend of $0.048 per share. The ex-dividend date is Thursday, February 14th. This represents a $0.58 annualized dividend and a yield of 5.39%.
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Blackrock MuniEnhanced Fund Company 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.
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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).
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