Creekmur Asset Management LLC Invests $34,000 in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ)

Creekmur Asset Management LLC acquired a new stake in shares of BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 4,431 shares of the investment management company’s stock, valued at approximately $34,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BDJ. Wells Fargo & Company MN raised its position 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 valued at $24,600,000 after acquiring an additional 678,231 shares in the last quarter. Cornerstone Advisors LLC raised 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 valued at $9,150,000 after acquiring an additional 655,731 shares in the last quarter. Invesco Ltd. raised its position in BlackRock Enhanced Equity Dividend Trust by 35.4% during the third quarter. Invesco Ltd. now owns 2,385,847 shares of the investment management company’s stock valued at $18,156,000 after acquiring an additional 623,219 shares in the last quarter. AQR Arbitrage LLC bought a new position in BlackRock Enhanced Equity Dividend Trust during the third quarter valued at approximately $3,564,000. Finally, Allspring Global Investments Holdings LLC bought a new position in BlackRock Enhanced Equity Dividend Trust during the fourth quarter valued at approximately $2,065,000.

BlackRock Enhanced Equity Dividend Trust Stock Down 0.4 %

Shares of BDJ opened at $8.02 on Tuesday. The firm’s 50 day moving average price is $8.13 and its 200 day moving average price is $8.01. BlackRock Enhanced Equity Dividend Trust has a twelve month low of $6.91 and a twelve month high of $8.43.

BlackRock Enhanced Equity Dividend Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a dividend of $0.056 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.67 annualized dividend and a yield of 8.38%.

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.