Spire Wealth Management Purchases 10,232 Shares of BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ)

Spire Wealth Management lifted its position in shares of BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) by 6.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 160,917 shares of the investment management company’s stock after acquiring an additional 10,232 shares during the quarter. Spire Wealth Management’s holdings in BlackRock Enhanced Equity Dividend Trust were worth $1,244,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Invesco Ltd. grew its stake in BlackRock Enhanced Equity Dividend Trust by 35.4% in the third quarter. Invesco Ltd. now owns 2,385,847 shares of the investment management company’s stock valued at $18,156,000 after purchasing an additional 623,219 shares during the last quarter. Wolverine Asset Management LLC boosted its holdings in shares of BlackRock Enhanced Equity Dividend Trust by 379.9% in the 3rd quarter. Wolverine Asset Management LLC now owns 686,416 shares of the investment management company’s stock valued at $5,224,000 after buying an additional 543,375 shares in the last quarter. Cornerstone Advisors LLC purchased a new position in shares of BlackRock Enhanced Equity Dividend Trust in the 3rd quarter worth approximately $4,065,000. AQR Arbitrage LLC bought a new position in shares of BlackRock Enhanced Equity Dividend Trust during the 3rd quarter worth approximately $3,564,000. Finally, Allspring Global Investments Holdings LLC purchased a new stake in BlackRock Enhanced Equity Dividend Trust during the fourth quarter valued at approximately $2,065,000.

BlackRock Enhanced Equity Dividend Trust Price Performance

BlackRock Enhanced Equity Dividend Trust stock opened at $8.18 on Wednesday. BlackRock Enhanced Equity Dividend Trust has a 1-year low of $6.91 and a 1-year high of $8.43. The business has a fifty day moving average price of $8.09 and a 200-day moving average price of $7.84.

BlackRock Enhanced Equity Dividend Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be paid a $0.056 dividend. This represents a $0.67 dividend on an annualized basis and a yield of 8.22%. The ex-dividend date of this dividend is Tuesday, May 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.