Advisors Asset Management Inc. Increases Stake in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ)

Advisors Asset Management Inc. boosted its stake in shares of BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) by 4.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,083,026 shares of the investment management company’s stock after purchasing an additional 41,426 shares during the period. Advisors Asset Management Inc.’s holdings in BlackRock Enhanced Equity Dividend Trust were worth $9,368,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. CWM LLC raised its stake in shares of BlackRock Enhanced Equity Dividend Trust by 32.9% in the second quarter. CWM LLC now owns 8,333 shares of the investment management company’s stock worth $68,000 after purchasing an additional 2,065 shares during the last quarter. First Heartland Consultants Inc. purchased a new position in BlackRock Enhanced Equity Dividend Trust during the 2nd quarter worth approximately $86,000. Kapstone Financial Advisors LLC acquired a new stake in BlackRock Enhanced Equity Dividend Trust during the 2nd quarter valued at approximately $89,000. Prairie Wealth Advisors Inc. boosted its holdings in shares of BlackRock Enhanced Equity Dividend Trust by 14.7% in the 2nd quarter. Prairie Wealth Advisors Inc. now owns 16,800 shares of the investment management company’s stock valued at $137,000 after acquiring an additional 2,150 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of BlackRock Enhanced Equity Dividend Trust in the first quarter worth $147,000.

BlackRock Enhanced Equity Dividend Trust Stock Down 1.4 %

Shares of NYSE BDJ opened at $8.70 on Thursday. The firm’s 50 day simple moving average is $8.69 and its 200-day simple moving average is $8.42. BlackRock Enhanced Equity Dividend Trust has a 12 month low of $7.54 and a 12 month high of $9.07.

BlackRock Enhanced Equity Dividend Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a $0.0562 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.67 dividend on an annualized basis and a yield of 7.75%.

BlackRock Enhanced Equity Dividend Trust Company Profile

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.