Boothe Investment Group Inc. Has $2.64 Million Stake in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ)


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Boothe Investment Group Inc. reduced its holdings in shares of BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) by 32.1% in the first quarter, HoldingsChannel.com reports. The fund owned 279,333 shares of the investment management company’s stock after selling 132,167 shares during the quarter. BlackRock Enhanced Equity Dividend Trust accounts for 1.5% of Boothe Investment Group Inc.’s holdings, making the stock its 23rd biggest position. Boothe Investment Group Inc.’s holdings in BlackRock Enhanced Equity Dividend Trust were worth $2,642,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of the company. US Bancorp DE boosted its position in shares of BlackRock Enhanced Equity Dividend Trust by 61.8% during the 3rd quarter. US Bancorp DE now owns 20,244 shares of the investment management company’s stock valued at $148,000 after purchasing an additional 7,734 shares in the last quarter. Morgan Stanley grew its position in shares of BlackRock Enhanced Equity Dividend Trust by 0.8% during the 3rd quarter. Morgan Stanley now owns 2,764,569 shares of the investment management company’s stock worth $20,209,000 after buying an additional 22,254 shares during the period. Eudaimonia Partners LLC bought a new stake in shares of BlackRock Enhanced Equity Dividend Trust in the 3rd quarter valued at $372,000. Detalus Advisors LLC acquired a new position in shares of BlackRock Enhanced Equity Dividend Trust during the 3rd quarter valued at $97,000. Finally, IHT Wealth Management LLC boosted its stake in BlackRock Enhanced Equity Dividend Trust by 35.1% during the third quarter. IHT Wealth Management LLC now owns 53,492 shares of the investment management company’s stock worth $391,000 after acquiring an additional 13,900 shares in the last quarter.

BDJ traded down $0.04 during midday trading on Thursday, hitting $9.51. The company had a trading volume of 1,240 shares, compared to its average volume of 592,189. The stock’s 50 day moving average price is $9.11 and its 200 day moving average price is $8.30. BlackRock Enhanced Equity Dividend Trust has a 52 week low of $6.55 and a 52 week high of $9.52.

The company also recently declared a monthly dividend, which will be paid on Friday, April 30th. Investors of record on Thursday, April 15th will be paid a dividend of $0.05 per share. This represents a $0.60 dividend on an annualized basis and a yield of 6.31%. The ex-dividend date of this dividend is Wednesday, April 14th.

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.

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Institutional Ownership by Quarter for BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ)

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