Park Avenue Securities LLC Increases Position in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ)

Park Avenue Securities LLC increased its stake in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) by 79.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 26,070 shares of the investment management company’s stock after buying an additional 11,575 shares during the period. Park Avenue Securities LLC’s holdings in BlackRock Enhanced Equity Dividend Trust were worth $216,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BDJ. Brown Brothers Harriman & Co. purchased a new position in shares of BlackRock Enhanced Equity Dividend Trust in the 3rd quarter worth about $43,000. JPMorgan Chase & Co. raised its holdings in BlackRock Enhanced Equity Dividend Trust by 1,203.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,539 shares of the investment management company’s stock worth $48,000 after acquiring an additional 5,114 shares during the last quarter. Arete Wealth Advisors LLC bought a new position in BlackRock Enhanced Equity Dividend Trust in the 3rd quarter valued at approximately $98,000. Icon Wealth Advisors LLC purchased a new stake in BlackRock Enhanced Equity Dividend Trust during the 3rd quarter valued at $118,000. Finally, Heritage Wealth Management Inc. bought a new stake in shares of BlackRock Enhanced Equity Dividend Trust in the 3rd quarter worth $156,000.

BlackRock Enhanced Equity Dividend Trust Stock Performance

BDJ stock opened at $8.78 on Monday. BlackRock Enhanced Equity Dividend Trust has a 1-year low of $7.78 and a 1-year high of $9.07. The business has a fifty day moving average price of $8.61 and a 200-day moving average price of $8.55.

BlackRock Enhanced Equity Dividend Trust Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be given a $0.0619 dividend. This is a positive change from BlackRock Enhanced Equity Dividend Trust’s previous monthly dividend of $0.05. The ex-dividend date is Wednesday, January 15th. This represents a $0.74 dividend on an annualized basis and a yield of 8.46%.

About BlackRock Enhanced Equity Dividend Trust

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.