Osaic Holdings Inc. Increases Stock Position in BlackRock Enhanced Equity Dividend Trust $BDJ

Osaic Holdings Inc. boosted its holdings in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) by 15.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 401,644 shares of the investment management company’s stock after purchasing an additional 54,324 shares during the quarter. Osaic Holdings Inc.’s holdings in BlackRock Enhanced Equity Dividend Trust were worth $3,571,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Pinnacle Bancorp Inc. acquired a new position in BlackRock Enhanced Equity Dividend Trust in the second quarter valued at $30,000. Chung Wu Investment Group LLC purchased a new position in shares of BlackRock Enhanced Equity Dividend Trust during the second quarter worth about $32,000. MAI Capital Management increased its position in BlackRock Enhanced Equity Dividend Trust by 50.3% in the 2nd quarter. MAI Capital Management now owns 6,997 shares of the investment management company’s stock valued at $62,000 after acquiring an additional 2,341 shares during the period. Fortitude Family Office LLC increased its position in BlackRock Enhanced Equity Dividend Trust by 318.9% in the 2nd quarter. Fortitude Family Office LLC now owns 7,619 shares of the investment management company’s stock valued at $68,000 after acquiring an additional 5,800 shares during the period. Finally, Kovack Advisors Inc. purchased a new stake in BlackRock Enhanced Equity Dividend Trust during the 2nd quarter valued at approximately $91,000.

BlackRock Enhanced Equity Dividend Trust Stock Down 0.2%

BlackRock Enhanced Equity Dividend Trust stock opened at $9.32 on Friday. The stock has a 50 day moving average of $9.09 and a two-hundred day moving average of $8.97. BlackRock Enhanced Equity Dividend Trust has a twelve month low of $7.16 and a twelve month high of $9.39.

BlackRock Enhanced Equity Dividend Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd will be paid a $0.0619 dividend. This represents a c) annualized dividend and a yield of 8.0%. The ex-dividend date of this dividend is Monday, December 22nd.

BlackRock Enhanced Equity Dividend Trust Profile

BlackRock Enhanced Equity Dividend Trust (NYSE: BDJ) is a closed-end management investment company that seeks to provide current income and capital appreciation by investing primarily in dividend-paying equity securities. The trust pursues an enhanced dividend strategy, focusing on U.S. large-capitalization common stocks with a history of dividend payments. To augment income generation, BDJ may also employ an option overlay strategy, writing covered call options on select securities or indices.

Since commencing operations in 2006, BDJ has been advised by BlackRock Fund Advisors, one of the world’s largest asset managers.