Sanctuary Advisors LLC Invests $944,000 in BlackRock Enhanced Equity Dividend Trust $BDJ

Sanctuary Advisors LLC purchased a new position in shares of BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 98,621 shares of the investment management company’s stock, valued at approximately $944,000.

Several other hedge funds have also recently added to or reduced their stakes in BDJ. Northwestern Mutual Wealth Management Co. purchased a new position in BlackRock Enhanced Equity Dividend Trust in the 2nd quarter valued at $61,000. CFO4Life Group LLC purchased a new stake in shares of BlackRock Enhanced Equity Dividend Trust during the second quarter worth $258,000. Evolve Private Wealth LLC purchased a new stake in shares of BlackRock Enhanced Equity Dividend Trust during the second quarter worth $252,000. Sterling Financial Planning Inc. acquired a new stake in shares of BlackRock Enhanced Equity Dividend Trust in the second quarter valued at about $132,000. Finally, Allworth Financial LP acquired a new stake in shares of BlackRock Enhanced Equity Dividend Trust in the second quarter valued at about $444,000.

BlackRock Enhanced Equity Dividend Trust Price Performance

NYSE:BDJ opened at $9.79 on Friday. The company’s 50-day moving average price is $9.67 and its 200-day moving average price is $9.34. BlackRock Enhanced Equity Dividend Trust has a twelve month low of $8.42 and a twelve month high of $9.95.

BlackRock Enhanced Equity Dividend Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a $0.0619 dividend. The ex-dividend date is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 7.6%.

BlackRock Enhanced Equity Dividend Trust Company 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.