Allspring Global Investments Holdings LLC Has $2.75 Million Position in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ)

Allspring Global Investments Holdings LLC reduced its position in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) by 53.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 331,710 shares of the investment management company’s stock after selling 379,386 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in BlackRock Enhanced Equity Dividend Trust were worth $2,747,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Raymond James & Associates grew its holdings in shares of BlackRock Enhanced Equity Dividend Trust by 2.1% during the 3rd quarter. Raymond James & Associates now owns 2,082,445 shares of the investment management company’s stock valued at $18,013,000 after purchasing an additional 43,766 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in shares of BlackRock Enhanced Equity Dividend Trust by 4.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,083,026 shares of the investment management company’s stock valued at $9,368,000 after purchasing an additional 41,426 shares during the last quarter. Stifel Financial Corp grew its holdings in shares of BlackRock Enhanced Equity Dividend Trust by 2.3% during the 3rd quarter. Stifel Financial Corp now owns 996,966 shares of the investment management company’s stock valued at $8,624,000 after purchasing an additional 22,548 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of BlackRock Enhanced Equity Dividend Trust by 792.7% during the 3rd quarter. International Assets Investment Management LLC now owns 341,764 shares of the investment management company’s stock valued at $29,560,000 after purchasing an additional 303,480 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC bought a new stake in shares of BlackRock Enhanced Equity Dividend Trust during the 3rd quarter valued at approximately $2,770,000.

BlackRock Enhanced Equity Dividend Trust Stock Down 0.7 %

Shares of BlackRock Enhanced Equity Dividend Trust stock opened at $8.82 on Friday. The firm’s 50 day moving average is $8.60 and its 200 day moving average is $8.62. BlackRock Enhanced Equity Dividend Trust has a 1 year low of $7.80 and a 1 year high of $9.07.

BlackRock Enhanced Equity Dividend Trust Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a dividend of $0.0619 per share. The ex-dividend date of this dividend is Friday, February 14th. This is an increase from BlackRock Enhanced Equity Dividend Trust’s previous monthly dividend of $0.05. This represents a $0.74 annualized dividend and a yield of 8.43%.

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.