PMG Family Office LLC Makes New $1.14 Million Investment in BlackRock Enhanced Equity Dividend Trust $BDJ

PMG Family Office LLC bought a new stake in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 124,563 shares of the investment management company’s stock, valued at approximately $1,135,000.

A number of other hedge funds have also recently modified their holdings of BDJ. NWF Advisory Services Inc. raised its stake in BlackRock Enhanced Equity Dividend Trust by 2.8% during the 3rd quarter. NWF Advisory Services Inc. now owns 44,084 shares of the investment management company’s stock worth $402,000 after acquiring an additional 1,199 shares in the last quarter. Kingswood Wealth Advisors LLC boosted its stake in BlackRock Enhanced Equity Dividend Trust by 1.1% in the third quarter. Kingswood Wealth Advisors LLC now owns 119,062 shares of the investment management company’s stock valued at $1,085,000 after acquiring an additional 1,271 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of BlackRock Enhanced Equity Dividend Trust by 11.4% during the second quarter. Franklin Resources Inc. now owns 12,493 shares of the investment management company’s stock worth $111,000 after purchasing an additional 1,281 shares during the last quarter. Kestra Private Wealth Services LLC grew its holdings in shares of BlackRock Enhanced Equity Dividend Trust by 8.4% during the third quarter. Kestra Private Wealth Services LLC now owns 19,846 shares of the investment management company’s stock worth $181,000 after purchasing an additional 1,537 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its position in shares of BlackRock Enhanced Equity Dividend Trust by 2.6% during the third quarter. Farther Finance Advisors LLC now owns 64,801 shares of the investment management company’s stock worth $590,000 after purchasing an additional 1,633 shares in the last quarter.

BlackRock Enhanced Equity Dividend Trust Price Performance

BlackRock Enhanced Equity Dividend Trust stock opened at $8.84 on Thursday. BlackRock Enhanced Equity Dividend Trust has a fifty-two week low of $7.16 and a fifty-two week high of $9.76. The stock has a 50-day simple moving average of $9.46 and a 200-day simple moving average of $9.23.

BlackRock Enhanced Equity Dividend Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a $0.0619 dividend. This represents a c) annualized dividend and a dividend yield of 8.4%. The ex-dividend date of this dividend is Monday, June 15th.

About BlackRock Enhanced Equity Dividend Trust

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.