Choreo LLC Purchases 32,218 Shares of BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ)

Choreo LLC increased its position in shares of BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) by 220.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 46,861 shares of the investment management company’s stock after buying an additional 32,218 shares during the period. Choreo LLC’s holdings in BlackRock Enhanced Equity Dividend Trust were worth $382,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Wells Fargo & Company MN raised its position in shares of BlackRock Enhanced Equity Dividend Trust by 26.9% in the 4th quarter. Wells Fargo & Company MN now owns 3,199,012 shares of the investment management company’s stock worth $24,600,000 after acquiring an additional 678,231 shares in the last quarter. Cornerstone Advisors LLC lifted its stake in BlackRock Enhanced Equity Dividend Trust by 23.0% in the first quarter. Cornerstone Advisors LLC now owns 1,463,595 shares of the investment management company’s stock valued at $12,075,000 after buying an additional 273,706 shares during the period. Stifel Financial Corp boosted its holdings in shares of BlackRock Enhanced Equity Dividend Trust by 7.7% during the 4th quarter. Stifel Financial Corp now owns 951,754 shares of the investment management company’s stock worth $7,319,000 after buying an additional 68,071 shares in the last quarter. Advisors Asset Management Inc. grew its position in shares of BlackRock Enhanced Equity Dividend Trust by 25.6% during the 1st quarter. Advisors Asset Management Inc. now owns 884,626 shares of the investment management company’s stock worth $7,298,000 after buying an additional 180,266 shares during the period. Finally, Commonwealth Equity Services LLC increased its stake in shares of BlackRock Enhanced Equity Dividend Trust by 3.1% in the 1st quarter. Commonwealth Equity Services LLC now owns 603,817 shares of the investment management company’s stock valued at $4,981,000 after acquiring an additional 18,096 shares in the last quarter.

BlackRock Enhanced Equity Dividend Trust Price Performance

Shares of NYSE BDJ opened at $8.44 on Tuesday. The company’s fifty day simple moving average is $8.36 and its 200 day simple moving average is $8.22. BlackRock Enhanced Equity Dividend Trust has a 12-month low of $6.91 and a 12-month high of $8.66.

BlackRock Enhanced Equity Dividend Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be paid a $0.0562 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.67 annualized dividend and a dividend yield of 7.99%.

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.