JFS Wealth Advisors LLC Buys 1,490 Shares of Blackrock MuniEnhanced Fund Inc. (NYSE:MEN)

JFS Wealth Advisors LLC lifted its stake in shares of Blackrock MuniEnhanced Fund Inc. (NYSE:MEN) by 0.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 177,912 shares of the closed-end fund’s stock after acquiring an additional 1,490 shares during the quarter. JFS Wealth Advisors LLC’s holdings in Blackrock MuniEnhanced Fund were worth $1,975,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Millennium Management LLC purchased a new stake in Blackrock MuniEnhanced Fund during the 4th quarter worth approximately $317,000. Oppenheimer & Co. Inc. increased its holdings in Blackrock MuniEnhanced Fund by 35.0% during the 1st quarter. Oppenheimer & Co. Inc. now owns 68,237 shares of the closed-end fund’s stock worth $730,000 after purchasing an additional 17,674 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in Blackrock MuniEnhanced Fund by 12.4% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 52,550 shares of the closed-end fund’s stock worth $562,000 after purchasing an additional 5,800 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Blackrock MuniEnhanced Fund by 902.0% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 18,237 shares of the closed-end fund’s stock worth $195,000 after purchasing an additional 16,417 shares during the last quarter. Finally, City of London Investment Management Co. Ltd. purchased a new stake in Blackrock MuniEnhanced Fund during the 1st quarter worth approximately $266,000.

MEN stock traded up $0.07 during midday trading on Thursday, hitting $11.55. 900 shares of the company’s stock were exchanged, compared to its average volume of 65,865. Blackrock MuniEnhanced Fund Inc. has a 12-month low of $9.63 and a 12-month high of $11.52. The firm has a 50 day moving average price of $11.26 and a 200-day moving average price of $10.88.

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th will be issued a dividend of $0.039 per share. The ex-dividend date is Wednesday, August 14th. This represents a $0.47 annualized dividend and a yield of 4.05%.

About Blackrock MuniEnhanced Fund

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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Institutional Ownership by Quarter for Blackrock MuniEnhanced Fund (NYSE:MEN)

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