Blackrock MuniEnhanced Fund (NYSE:MEN) Shares Pass Below Fifty Day Moving Average of $11.17

Shares of Blackrock MuniEnhanced Fund Inc. (NYSE:MEN) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $11.17 and traded as low as $11.32. Blackrock MuniEnhanced Fund shares last traded at $11.34, with a volume of 28,575 shares.

The stock has a 50-day simple moving average of $11.18.

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th will be paid a dividend of $0.039 per share. The ex-dividend date is Wednesday, August 14th. This represents a $0.47 dividend on an annualized basis and a yield of 4.13%.

Institutional investors and hedge funds have recently bought and sold shares of the business. American National Bank acquired a new stake in Blackrock MuniEnhanced Fund during the first quarter worth $64,000. Millennium Management LLC acquired a new stake in Blackrock MuniEnhanced Fund during the fourth quarter worth $317,000. Bank of America Corp DE boosted its stake in Blackrock MuniEnhanced Fund by 11.4% during the fourth quarter. Bank of America Corp DE now owns 635,433 shares of the closed-end fund’s stock worth $6,291,000 after buying an additional 65,177 shares in the last quarter. JFS Wealth Advisors LLC boosted its stake in Blackrock MuniEnhanced Fund by 1.4% during the first quarter. JFS Wealth Advisors LLC now owns 176,422 shares of the closed-end fund’s stock worth $1,888,000 after buying an additional 2,494 shares in the last quarter. Finally, Truvestments Capital LLC acquired a new stake in Blackrock MuniEnhanced Fund during the first quarter worth $303,000.

About Blackrock MuniEnhanced Fund (NYSE:MEN)

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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