Greg Jennings LLC Makes New $603,000 Investment in BlackRock Enhanced Equity Dividend Trust $BDJ

Greg Jennings LLC bought a new position in shares of BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) in the 3rd quarter, Holdings Channel.com reports. The fund bought 64,180 shares of the investment management company’s stock, valued at approximately $603,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of BDJ. Bank of America Corp DE purchased a new stake in BlackRock Enhanced Equity Dividend Trust during the 2nd quarter worth about $5,362,000. SOL Capital Management CO acquired a new stake in BlackRock Enhanced Equity Dividend Trust in the 1st quarter valued at about $3,168,000. Sanctuary Advisors LLC acquired a new stake in BlackRock Enhanced Equity Dividend Trust in the 2nd quarter valued at about $944,000. OMC Financial Services LTD purchased a new position in shares of BlackRock Enhanced Equity Dividend Trust in the 2nd quarter valued at about $637,000. Finally, Waterfront Wealth Inc. boosted its stake in shares of BlackRock Enhanced Equity Dividend Trust by 7.6% in the 1st quarter. Waterfront Wealth Inc. now owns 837,658 shares of the investment management company’s stock valued at $7,221,000 after buying an additional 59,268 shares during the period.

BlackRock Enhanced Equity Dividend Trust Stock Performance

Shares of BDJ traded down $0.01 during midday trading on Monday, hitting $9.47. The company had a trading volume of 403,505 shares, compared to its average volume of 468,116. BlackRock Enhanced Equity Dividend Trust has a 1 year low of $8.42 and a 1 year high of $9.95. The company’s 50-day simple moving average is $9.68 and its 200-day simple moving average is $9.44.

BlackRock Enhanced Equity Dividend Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 22nd. Investors of record on Friday, December 11th will be paid a dividend of $0.0619 per share. This represents a $0.74 dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date is Friday, December 11th.

BlackRock Enhanced Equity Dividend Trust Company Profile

BlackRock Enhanced Equity Dividend Trust (NYSE: BDJ) is a closed-end investment fund managed by BlackRock Advisors, an affiliate of BlackRock, Inc The fund seeks to provide current income and current gains, with long-term capital appreciation as a secondary objective.

BDJ invests primarily in dividend-paying equity securities issued by companies in the United States and other countries. Its portfolio may include companies across a range of industries and geographic markets, with an emphasis on businesses that offer the potential for dividend income and capital appreciation.

To support its income-oriented strategy, the fund may write covered call options on a portion of its equity portfolio.