BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) Stock Holdings Lowered by HighTower Advisors LLC

HighTower Advisors LLC lessened its position in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) by 6.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,882 shares of the investment management company’s stock after selling 2,520 shares during the period. HighTower Advisors LLC’s holdings in BlackRock Enhanced Equity Dividend Trust were worth $289,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in shares of BlackRock Enhanced Equity Dividend Trust by 1,203.3% in the third quarter. JPMorgan Chase & Co. now owns 5,539 shares of the investment management company’s stock valued at $48,000 after purchasing an additional 5,114 shares during the period. Arete Wealth Advisors LLC acquired a new stake in BlackRock Enhanced Equity Dividend Trust in the 3rd quarter valued at approximately $98,000. Western Financial Corp CA bought a new stake in BlackRock Enhanced Equity Dividend Trust during the 4th quarter valued at $125,000. Moors & Cabot Inc. bought a new stake in BlackRock Enhanced Equity Dividend Trust during the 4th quarter valued at $142,000. Finally, Vista Investment Partners II LLC acquired a new position in BlackRock Enhanced Equity Dividend Trust during the 4th quarter worth $145,000.

BlackRock Enhanced Equity Dividend Trust Price Performance

Shares of BDJ opened at $8.63 on Thursday. BlackRock Enhanced Equity Dividend Trust has a one year low of $7.80 and a one year high of $9.07. The stock’s fifty day moving average is $8.76 and its 200-day moving average is $8.68.

BlackRock Enhanced Equity Dividend Trust Increases Dividend

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

BlackRock Enhanced Equity Dividend Trust Company 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.