Wolverine Asset Management LLC Decreases Stock Position in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ)

Wolverine Asset Management LLC lowered its stake in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) by 74.1% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 153,615 shares of the investment management company’s stock after selling 440,609 shares during the period. Wolverine Asset Management LLC’s holdings in BlackRock Enhanced Equity Dividend Trust were worth $1,329,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Hennion & Walsh Asset Management Inc. increased its holdings in shares of BlackRock Enhanced Equity Dividend Trust by 9.8% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 128,789 shares of the investment management company’s stock worth $1,052,000 after buying an additional 11,446 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in BlackRock Enhanced Equity Dividend Trust by 28.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 298,597 shares of the investment management company’s stock valued at $2,440,000 after purchasing an additional 66,052 shares during the period. Cetera Investment Advisers increased its holdings in BlackRock Enhanced Equity Dividend Trust by 1,193.8% during the 1st quarter. Cetera Investment Advisers now owns 216,416 shares of the investment management company’s stock valued at $1,785,000 after purchasing an additional 199,689 shares during the period. International Assets Investment Management LLC increased its holdings in BlackRock Enhanced Equity Dividend Trust by 70.0% during the 2nd quarter. International Assets Investment Management LLC now owns 38,284 shares of the investment management company’s stock valued at $313,000 after purchasing an additional 15,769 shares during the period. Finally, Choreo LLC increased its holdings in BlackRock Enhanced Equity Dividend Trust by 220.0% during the 2nd quarter. Choreo LLC now owns 46,861 shares of the investment management company’s stock valued at $382,000 after purchasing an additional 32,218 shares during the period.

BlackRock Enhanced Equity Dividend Trust Stock Performance

Shares of NYSE:BDJ opened at $8.81 on Wednesday. BlackRock Enhanced Equity Dividend Trust has a 1 year low of $7.34 and a 1 year high of $8.94. The stock’s 50-day moving average is $8.63 and its 200 day moving average is $8.38.

BlackRock Enhanced Equity Dividend Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be issued a dividend of $0.0562 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.67 dividend on an annualized basis and a yield of 7.65%.

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.