Shaker Financial Services LLC Raises Holdings in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ)

Shaker Financial Services LLC grew its position in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) by 101.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 446,818 shares of the investment management company’s stock after purchasing an additional 224,647 shares during the period. BlackRock Enhanced Equity Dividend Trust makes up 1.5% of Shaker Financial Services LLC’s holdings, making the stock its 19th largest position. Shaker Financial Services LLC’s holdings in BlackRock Enhanced Equity Dividend Trust were worth $3,651,000 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. Wells Fargo & Company MN boosted its holdings in BlackRock Enhanced Equity Dividend Trust by 26.9% during the fourth quarter. Wells Fargo & Company MN now owns 3,199,012 shares of the investment management company’s stock worth $24,600,000 after buying an additional 678,231 shares in the last quarter. Cornerstone Advisors LLC boosted its position in BlackRock Enhanced Equity Dividend Trust by 122.8% during the fourth quarter. Cornerstone Advisors LLC now owns 1,189,889 shares of the investment management company’s stock worth $9,150,000 after acquiring an additional 655,731 shares during the last quarter. Cetera Investment Advisers grew its stake in BlackRock Enhanced Equity Dividend Trust by 1,193.8% during the 1st quarter. Cetera Investment Advisers now owns 216,416 shares of the investment management company’s stock valued at $1,785,000 after acquiring an additional 199,689 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in BlackRock Enhanced Equity Dividend Trust by 25.6% in the 1st quarter. Advisors Asset Management Inc. now owns 884,626 shares of the investment management company’s stock valued at $7,298,000 after acquiring an additional 180,266 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC purchased a new position in BlackRock Enhanced Equity Dividend Trust in the 2nd quarter worth approximately $934,000.

BlackRock Enhanced Equity Dividend Trust Stock Down 0.6 %

NYSE:BDJ traded down $0.05 during trading hours on Thursday, hitting $8.45. The company had a trading volume of 132,106 shares, compared to its average volume of 494,194. BlackRock Enhanced Equity Dividend Trust has a 1 year low of $6.91 and a 1 year high of $8.66. The company has a 50-day moving average of $8.33 and a 200 day moving average of $8.19.

BlackRock Enhanced Equity Dividend Trust Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be issued a dividend of $0.0562 per share. The ex-dividend date is Monday, September 16th. This is a boost from BlackRock Enhanced Equity Dividend Trust’s previous monthly dividend of $0.06. This represents a $0.67 dividend on an annualized basis and a dividend yield of 7.98%.

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.