BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) Position Cut by Shulman DeMeo Asset Management LLC

Shulman DeMeo Asset Management LLC lowered its position in shares of BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) by 1.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 144,659 shares of the investment management company’s stock after selling 1,481 shares during the period. BlackRock Enhanced Equity Dividend Trust accounts for 0.3% of Shulman DeMeo Asset Management LLC’s portfolio, making the stock its 25th biggest holding. Shulman DeMeo Asset Management LLC’s holdings in BlackRock Enhanced Equity Dividend Trust were worth $1,193,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Creekmur Asset Management LLC bought a new position in BlackRock Enhanced Equity Dividend Trust during the 4th quarter valued at $34,000. NCM Capital Management LLC acquired a new stake in BlackRock Enhanced Equity Dividend Trust in the 4th quarter valued at about $78,000. Focus Financial Network Inc. ADV acquired a new position in shares of BlackRock Enhanced Equity Dividend Trust in the 4th quarter worth approximately $87,000. Park Avenue Securities LLC bought a new stake in shares of BlackRock Enhanced Equity Dividend Trust in the 1st quarter worth approximately $89,000. Finally, Koshinski Asset Management Inc. bought a new stake in BlackRock Enhanced Equity Dividend Trust during the fourth quarter worth approximately $92,000.

BlackRock Enhanced Equity Dividend Trust Price Performance

Shares of NYSE BDJ traded up $0.01 during trading on Thursday, hitting $8.13. The company had a trading volume of 368,793 shares, compared to its average volume of 482,911. The business’s 50-day moving average is $8.16 and its 200 day moving average is $8.02. BlackRock Enhanced Equity Dividend Trust has a 52 week low of $6.91 and a 52 week high of $8.43.

BlackRock Enhanced Equity Dividend Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a $0.056 dividend. The ex-dividend date is Friday, June 14th. This represents a $0.67 dividend on an annualized basis and a dividend yield of 8.27%.

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.