Advisors Asset Management Inc. Increases Stock Position in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ)

Advisors Asset Management Inc. raised its holdings in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) by 25.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 884,626 shares of the investment management company’s stock after purchasing an additional 180,266 shares during the quarter. Advisors Asset Management Inc.’s holdings in BlackRock Enhanced Equity Dividend Trust were worth $7,298,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Creekmur Asset Management LLC acquired a new stake in shares of BlackRock Enhanced Equity Dividend Trust during the 4th quarter valued at approximately $34,000. NCM Capital Management LLC acquired a new stake in shares of BlackRock Enhanced Equity Dividend Trust during the 4th quarter valued at approximately $78,000. Diversify Advisory Services LLC acquired a new stake in shares of BlackRock Enhanced Equity Dividend Trust during the 1st quarter valued at approximately $84,000. Spirepoint Private Client LLC acquired a new stake in shares of BlackRock Enhanced Equity Dividend Trust during the 1st quarter valued at approximately $87,000. Finally, Park Avenue Securities LLC acquired a new stake in shares of BlackRock Enhanced Equity Dividend Trust during the 1st quarter valued at approximately $89,000.

BlackRock Enhanced Equity Dividend Trust Trading Up 0.8 %

Shares of BlackRock Enhanced Equity Dividend Trust stock traded up $0.07 during trading on Friday, hitting $8.32. 293,055 shares of the company were exchanged, compared to its average volume of 486,636. BlackRock Enhanced Equity Dividend Trust has a fifty-two week low of $6.91 and a fifty-two week high of $8.42. The firm has a 50 day moving average price of $8.20 and a 200 day moving average price of $8.09.

BlackRock Enhanced Equity Dividend Trust Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, July 15th will be given a dividend of $0.0562 per share. This represents a $0.67 dividend on an annualized basis and a yield of 8.11%. This is a boost from BlackRock Enhanced Equity Dividend Trust’s previous monthly dividend of $0.06. The ex-dividend date is Monday, July 15th.

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.