StoneX Group Inc. Acquires Shares of 63,095 BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ)

StoneX Group Inc. bought a new position in shares of BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 63,095 shares of the investment management company’s stock, valued at approximately $522,000.

Other institutional investors have also made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in BlackRock Enhanced Equity Dividend Trust during the fourth quarter worth approximately $28,740,000. Kovitz Investment Group Partners LLC acquired a new stake in shares of BlackRock Enhanced Equity Dividend Trust in the third quarter valued at approximately $2,770,000. Polar Asset Management Partners Inc. bought a new stake in shares of BlackRock Enhanced Equity Dividend Trust in the third quarter valued at approximately $1,124,000. Janney Montgomery Scott LLC grew its holdings in shares of BlackRock Enhanced Equity Dividend Trust by 57.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 264,337 shares of the investment management company’s stock worth $2,189,000 after purchasing an additional 96,332 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. grew its holdings in shares of BlackRock Enhanced Equity Dividend Trust by 61.8% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 233,094 shares of the investment management company’s stock worth $1,930,000 after purchasing an additional 88,995 shares in the last quarter.

BlackRock Enhanced Equity Dividend Trust Stock Performance

Shares of BDJ opened at $8.63 on Thursday. The firm has a 50 day simple moving average of $8.76 and a two-hundred day simple moving average of $8.68. BlackRock Enhanced Equity Dividend Trust has a one year low of $7.80 and a one year high of $9.07.

BlackRock Enhanced Equity Dividend Trust Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a dividend of $0.0619 per share. This is an increase from BlackRock Enhanced Equity Dividend Trust’s previous monthly dividend of $0.05. The ex-dividend date was Friday, March 14th. This represents a $0.74 annualized dividend and a dividend yield of 8.61%.

About BlackRock Enhanced Equity Dividend Trust

BlackRock Enhanced Equity Dividend Trust is a closed-ended equity mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in dividend paying stocks of companies across all market capitalizations.