BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) Shares Bought by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. grew its position in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) by 21.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,076 shares of the investment management company’s stock after purchasing an additional 8,037 shares during the period. PNC Financial Services Group Inc.’s holdings in BlackRock Enhanced Equity Dividend Trust were worth $373,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Raymond James Financial Inc. acquired a new position in BlackRock Enhanced Equity Dividend Trust during the fourth quarter valued at approximately $28,740,000. Kovitz Investment Group Partners LLC acquired a new position in shares of BlackRock Enhanced Equity Dividend Trust during the 3rd quarter valued at $2,770,000. Polar Asset Management Partners Inc. purchased a new stake in BlackRock Enhanced Equity Dividend Trust during the 3rd quarter worth $1,124,000. Janney Montgomery Scott LLC increased its holdings in BlackRock Enhanced Equity Dividend Trust by 57.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 264,337 shares of the investment management company’s stock valued at $2,189,000 after purchasing an additional 96,332 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. raised its position in BlackRock Enhanced Equity Dividend Trust by 61.8% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 233,094 shares of the investment management company’s stock valued at $1,930,000 after purchasing an additional 88,995 shares during the period.

BlackRock Enhanced Equity Dividend Trust Stock Performance

Shares of BDJ opened at $8.65 on Friday. BlackRock Enhanced Equity Dividend Trust has a 12 month low of $7.80 and a 12 month high of $9.07. The stock’s 50-day moving average is $8.75 and its two-hundred day moving average is $8.67.

BlackRock Enhanced Equity Dividend Trust Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a $0.0619 dividend. This is an increase from BlackRock Enhanced Equity Dividend Trust’s previous monthly dividend of $0.05. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.74 annualized dividend and a yield of 8.59%.

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.