Laurion Capital Management LP cut its stake in shares of Blackrock MuniEnhanced Fund Inc. (NYSE:MEN) by 30.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 304,805 shares of the closed-end fund’s stock after selling 131,227 shares during the quarter. Laurion Capital Management LP’s holdings in Blackrock MuniEnhanced Fund were worth $3,069,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of MEN. Usca Ria LLC raised its holdings in shares of Blackrock MuniEnhanced Fund by 31.7% in the third quarter. Usca Ria LLC now owns 22,875 shares of the closed-end fund’s stock worth $230,000 after buying an additional 5,500 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new position in shares of Blackrock MuniEnhanced Fund in the third quarter worth $103,000. Truvestments Capital LLC purchased a new position in shares of Blackrock MuniEnhanced Fund in the second quarter worth $464,000. Wolverine Asset Management LLC raised its holdings in shares of Blackrock MuniEnhanced Fund by 21.2% in the second quarter. Wolverine Asset Management LLC now owns 243,676 shares of the closed-end fund’s stock worth $2,565,000 after buying an additional 42,645 shares during the last quarter. Finally, Raymond James & Associates raised its holdings in shares of Blackrock MuniEnhanced Fund by 9.5% in the second quarter. Raymond James & Associates now owns 71,875 shares of the closed-end fund’s stock worth $757,000 after buying an additional 6,211 shares during the last quarter.
NYSE MEN opened at $10.12 on Friday. Blackrock MuniEnhanced Fund Inc. has a 12-month low of $9.63 and a 12-month high of $12.21.
The business also recently declared a special dividend, which will be paid on Monday, December 31st. Shareholders of record on Thursday, December 13th will be issued a $0.0002 dividend. The ex-dividend date is Wednesday, December 12th. This represents a dividend yield of 5.73%.
ILLEGAL ACTIVITY NOTICE: This piece was published by American Banking News and is owned by of American Banking News. If you are viewing this piece on another site, it was stolen and republished in violation of US & international copyright and trademark law. The original version of this piece can be read at https://www.americanbankingnews.com/2018/12/08/blackrock-munienhanced-fund-inc-men-stake-decreased-by-laurion-capital-management-lp.html.
About Blackrock MuniEnhanced Fund
There is no company description available for BlackRock MuniEnhanced Fund, Inc.
Further Reading: Technical Analysis
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.