Hennion & Walsh Asset Management Inc. Grows Stock Position in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ)

Hennion & Walsh Asset Management Inc. boosted its stake in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) by 35.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 117,343 shares of the investment management company’s stock after purchasing an additional 30,628 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in BlackRock Enhanced Equity Dividend Trust were worth $968,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Creekmur Asset Management LLC bought a new stake in shares of BlackRock Enhanced Equity Dividend Trust in the 4th quarter worth approximately $34,000. NCM Capital Management LLC purchased a new stake in shares of BlackRock Enhanced Equity Dividend Trust in the 4th quarter worth about $78,000. Park Avenue Securities LLC purchased a new position in BlackRock Enhanced Equity Dividend Trust during the 1st quarter valued at about $89,000. Focus Financial Network Inc. ADV purchased a new stake in BlackRock Enhanced Equity Dividend Trust in the fourth quarter worth about $87,000. Finally, Koshinski Asset Management Inc. bought a new position in BlackRock Enhanced Equity Dividend Trust during the 4th quarter valued at approximately $92,000.

BlackRock Enhanced Equity Dividend Trust Price Performance

NYSE BDJ opened at $8.16 on Tuesday. BlackRock Enhanced Equity Dividend Trust has a 12 month low of $6.91 and a 12 month high of $8.43. The stock’s fifty day moving average price is $8.16 and its 200-day moving average price is $8.03.

BlackRock Enhanced Equity Dividend Trust Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were issued a dividend of $0.056 per share. This represents a $0.67 dividend on an annualized basis and a dividend yield of 8.24%. The ex-dividend date was Friday, June 14th.

BlackRock Enhanced Equity Dividend Trust 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.