BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) Shares Acquired by LPL Financial LLC

LPL Financial LLC boosted its position in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) by 2.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,455,651 shares of the investment management company’s stock after purchasing an additional 30,320 shares during the period. LPL Financial LLC’s holdings in BlackRock Enhanced Equity Dividend Trust were worth $12,053,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC lifted its holdings in shares of 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 buying an additional 96,332 shares during the period. HighTower Advisors LLC lifted its holdings in BlackRock Enhanced Equity Dividend Trust by 25.7% in the third quarter. HighTower Advisors LLC now owns 37,402 shares of the investment management company’s stock valued at $323,000 after acquiring an additional 7,638 shares during the period. JPMorgan Chase & Co. boosted its position in shares of BlackRock Enhanced Equity Dividend Trust by 1,203.3% during the 3rd 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 in the last quarter. Park Avenue Securities LLC boosted its position in shares of BlackRock Enhanced Equity Dividend Trust by 79.9% during the 4th quarter. Park Avenue Securities LLC now owns 26,070 shares of the investment management company’s stock worth $216,000 after purchasing an additional 11,575 shares in the last quarter. Finally, Western Financial Corp CA acquired a new position in shares of BlackRock Enhanced Equity Dividend Trust during the 4th quarter worth $125,000.

BlackRock Enhanced Equity Dividend Trust Stock Performance

Shares of NYSE BDJ opened at $8.63 on Thursday. BlackRock Enhanced Equity Dividend Trust has a 52 week low of $7.80 and a 52 week high of $9.07. The firm has a 50-day moving average price of $8.76 and a 200 day moving average price of $8.68.

BlackRock Enhanced Equity Dividend Trust Increases Dividend

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

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.