Virtu Financial LLC Makes New Investment in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ)

Virtu Financial LLC purchased a new stake in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 14,305 shares of the investment management company’s stock, valued at approximately $118,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its stake in BlackRock Enhanced Equity Dividend Trust by 1,203.3% during the third quarter. JPMorgan Chase & Co. now owns 5,539 shares of the investment management company’s stock worth $48,000 after purchasing an additional 5,114 shares during the period. GWN Securities Inc. acquired a new position in BlackRock Enhanced Equity Dividend Trust in the fourth quarter valued at approximately $94,000. Arete Wealth Advisors LLC purchased a new position in BlackRock Enhanced Equity Dividend Trust in the third quarter worth approximately $98,000. Icon Wealth Advisors LLC acquired a new stake in BlackRock Enhanced Equity Dividend Trust during the third quarter worth $118,000. Finally, Western Financial Corp CA purchased a new stake in BlackRock Enhanced Equity Dividend Trust in the fourth quarter valued at $125,000.

BlackRock Enhanced Equity Dividend Trust Trading Down 0.5 %

NYSE BDJ opened at $8.63 on Monday. The stock has a fifty day simple moving average of $8.76 and a 200-day simple moving average of $8.68. BlackRock Enhanced Equity Dividend Trust has a twelve month low of $7.80 and a twelve month high of $9.07.

BlackRock Enhanced Equity Dividend Trust Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $0.0619 per share. The ex-dividend date is Friday, March 14th. This is a boost from BlackRock Enhanced Equity Dividend Trust’s previous monthly dividend of $0.05. This represents a $0.74 dividend on an annualized basis and a dividend yield of 8.61%.

BlackRock Enhanced Equity Dividend Trust 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.