Stephens Inc. AR Sells 16,169 Shares of BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ)

Stephens Inc. AR lowered its stake in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) by 48.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 17,259 shares of the investment management company’s stock after selling 16,169 shares during the quarter. Stephens Inc. AR’s holdings in BlackRock Enhanced Equity Dividend Trust were worth $143,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Mezzasalma Advisors LLC acquired a new position in BlackRock Enhanced Equity Dividend Trust in the fourth quarter valued at about $363,000. Stratos Wealth Partners LTD. increased its stake in shares of BlackRock Enhanced Equity Dividend Trust by 2.6% in the 4th quarter. Stratos Wealth Partners LTD. now owns 113,500 shares of the investment management company’s stock valued at $940,000 after acquiring an additional 2,859 shares during the last quarter. Western Financial Corp CA acquired a new stake in shares of BlackRock Enhanced Equity Dividend Trust in the 4th quarter valued at approximately $125,000. Janney Montgomery Scott LLC boosted its stake in BlackRock Enhanced Equity Dividend Trust by 57.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 264,337 shares of the investment management company’s stock worth $2,189,000 after acquiring an additional 96,332 shares during the last quarter. Finally, Dakota Wealth Management grew its holdings in BlackRock Enhanced Equity Dividend Trust by 5.4% during the fourth quarter. Dakota Wealth Management now owns 34,007 shares of the investment management company’s stock valued at $282,000 after purchasing an additional 1,740 shares during the period.

BlackRock Enhanced Equity Dividend Trust Stock Down 0.7 %

Shares of NYSE:BDJ opened at $8.91 on Monday. The company has a 50 day moving average price of $8.59 and a two-hundred day moving average price of $8.61. BlackRock Enhanced Equity Dividend Trust has a 52 week low of $7.80 and a 52 week high of $9.07.

BlackRock Enhanced Equity Dividend Trust Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a $0.0619 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 8.34%. This is a boost from BlackRock Enhanced Equity Dividend Trust’s previous monthly dividend of $0.05.

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.