Advisory Services Network LLC Boosts Stake in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ)

Advisory Services Network LLC raised its stake in shares of BlackRock Enhanced Equity Dividend Trust (NYSE:BDJFree Report) by 3.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 76,021 shares of the investment management company’s stock after purchasing an additional 2,331 shares during the period. Advisory Services Network LLC’s holdings in BlackRock Enhanced Equity Dividend Trust were worth $585,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Oder Investment Management LLC raised its position in BlackRock Enhanced Equity Dividend Trust by 5.1% during the fourth quarter. Oder Investment Management LLC now owns 29,498 shares of the investment management company’s stock valued at $227,000 after purchasing an additional 1,419 shares during the period. Saxon Interests Inc. purchased a new stake in BlackRock Enhanced Equity Dividend Trust during the fourth quarter valued at approximately $682,000. CTC Alternative Strategies Ltd. purchased a new stake in BlackRock Enhanced Equity Dividend Trust during the fourth quarter valued at approximately $139,000. Eagle Wealth Strategies LLC purchased a new stake in BlackRock Enhanced Equity Dividend Trust during the fourth quarter valued at approximately $116,000. Finally, NBC Securities Inc. raised its position in BlackRock Enhanced Equity Dividend Trust by 11.4% during the fourth quarter. NBC Securities Inc. now owns 99,174 shares of the investment management company’s stock valued at $762,000 after purchasing an additional 10,149 shares during the period.

BlackRock Enhanced Equity Dividend Trust Stock Performance

Shares of BDJ stock opened at $8.25 on Friday. BlackRock Enhanced Equity Dividend Trust has a 1 year low of $6.91 and a 1 year high of $8.43. The stock’s 50 day simple moving average is $8.14 and its two-hundred day simple moving average is $7.96.

BlackRock Enhanced Equity Dividend Trust Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th were issued a $0.056 dividend. The ex-dividend date was Tuesday, May 14th. This represents a $0.67 annualized dividend and a dividend yield of 8.15%.

BlackRock Enhanced Equity Dividend Trust Profile

(Free Report)

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.

See Also

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

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