Envestnet Asset Management Inc. Grows Position in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ)

Envestnet Asset Management Inc. raised its position in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) by 18.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 112,188 shares of the investment management company’s stock after purchasing an additional 17,658 shares during the quarter. Envestnet Asset Management Inc.’s holdings in BlackRock Enhanced Equity Dividend Trust were worth $929,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in BDJ. JPMorgan Chase & Co. boosted its stake in shares of BlackRock Enhanced Equity Dividend Trust by 1,203.3% during the third quarter. JPMorgan Chase & Co. now owns 5,539 shares of the investment management company’s stock valued at $48,000 after purchasing an additional 5,114 shares during the period. Park Avenue Securities LLC boosted its position in BlackRock Enhanced Equity Dividend Trust by 79.9% in the 4th quarter. Park Avenue Securities LLC now owns 26,070 shares of the investment management company’s stock valued at $216,000 after buying an additional 11,575 shares during the period. Hennion & Walsh Asset Management Inc. boosted its position in BlackRock Enhanced Equity Dividend Trust by 61.8% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 233,094 shares of the investment management company’s stock valued at $1,930,000 after buying an additional 88,995 shares during the period. Cove Private Wealth LLC bought a new position in BlackRock Enhanced Equity Dividend Trust in the 4th quarter worth about $375,000. Finally, Dakota Wealth Management increased its position in shares of BlackRock Enhanced Equity Dividend Trust by 5.4% during the fourth quarter. Dakota Wealth Management now owns 34,007 shares of the investment management company’s stock worth $282,000 after acquiring an additional 1,740 shares during the period.

BlackRock Enhanced Equity Dividend Trust Trading Up 0.5 %

Shares of NYSE BDJ opened at $8.30 on Friday. BlackRock Enhanced Equity Dividend Trust has a 52-week low of $7.16 and a 52-week high of $9.07. The stock has a 50 day moving average price of $8.39 and a 200 day moving average price of $8.59.

BlackRock Enhanced Equity Dividend Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th were paid a $0.0619 dividend. This represents a $0.74 dividend on an annualized basis and a yield of 8.95%. The ex-dividend date of this dividend was Tuesday, April 15th.

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.