Truist Financial Corp Has $950,000 Stock Position in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ)

Truist Financial Corp decreased its stake in shares of BlackRock Enhanced Equity Dividend Trust (NYSE:BDJGet Rating) by 1.8% during the 1st quarter, Holdings Channel reports. The firm owned 95,933 shares of the investment management company’s stock after selling 1,806 shares during the period. Truist Financial Corp’s holdings in BlackRock Enhanced Equity Dividend Trust were worth $950,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in BDJ. GPS Wealth Strategies Group LLC acquired a new position in shares of BlackRock Enhanced Equity Dividend Trust during the 1st quarter worth approximately $32,000. Paradigm Financial Partners LLC acquired a new position in shares of BlackRock Enhanced Equity Dividend Trust during the 4th quarter worth approximately $108,000. Ignite Planners LLC acquired a new position in shares of BlackRock Enhanced Equity Dividend Trust during the 4th quarter worth approximately $112,000. HighTower Advisors LLC increased its holdings in shares of BlackRock Enhanced Equity Dividend Trust by 11.3% during the 4th quarter. HighTower Advisors LLC now owns 11,970 shares of the investment management company’s stock worth $120,000 after acquiring an additional 1,220 shares during the last quarter. Finally, Biltmore Capital Advisors LLC bought a new stake in BlackRock Enhanced Equity Dividend Trust in the 4th quarter valued at $131,000.

BlackRock Enhanced Equity Dividend Trust Stock Performance

BDJ opened at $9.37 on Friday. The business has a fifty day simple moving average of $9.19 and a 200 day simple moving average of $9.50. BlackRock Enhanced Equity Dividend Trust has a 1 year low of $8.66 and a 1 year high of $10.45.

BlackRock Enhanced Equity Dividend Trust Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, July 29th. Investors of record on Friday, July 15th will be paid a $0.0562 dividend. The ex-dividend date of this dividend is Thursday, July 14th. This is an increase from BlackRock Enhanced Equity Dividend Trust’s previous monthly dividend of $0.05. This represents a $0.67 annualized dividend and a yield of 7.20%.

BlackRock Enhanced Equity Dividend Trust Profile

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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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