Comerica Bank Sells 4,520 Shares of BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ)

Comerica Bank reduced its stake in shares of BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) by 11.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,572 shares of the investment management company’s stock after selling 4,520 shares during the quarter. Comerica Bank’s holdings in BlackRock Enhanced Equity Dividend Trust were worth $278,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Janney Montgomery Scott LLC grew its stake in shares of BlackRock Enhanced Equity Dividend Trust by 57.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 264,337 shares of the investment management company’s stock valued at $2,189,000 after buying an additional 96,332 shares during the last quarter. JPMorgan Chase & Co. grew 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 buying an additional 5,114 shares during the last quarter. LPL Financial LLC grew its stake in shares of BlackRock Enhanced Equity Dividend Trust by 2.1% during the fourth quarter. LPL Financial LLC now owns 1,455,651 shares of the investment management company’s stock valued at $12,053,000 after buying an additional 30,320 shares during the last quarter. Ashton Thomas Securities LLC grew its stake in shares of BlackRock Enhanced Equity Dividend Trust by 1.5% during the fourth quarter. Ashton Thomas Securities LLC now owns 76,026 shares of the investment management company’s stock valued at $629,000 after buying an additional 1,150 shares during the last quarter. Finally, Park Avenue Securities LLC grew its stake in shares of BlackRock Enhanced Equity Dividend Trust by 79.9% during the fourth 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 last quarter.

BlackRock Enhanced Equity Dividend Trust Stock Up 0.6%

Shares of NYSE:BDJ opened at $8.57 on Friday. The stock’s 50-day moving average price is $8.32 and its 200-day moving average price is $8.58. BlackRock Enhanced Equity Dividend Trust has a 12-month low of $7.16 and a 12-month high of $9.07.

BlackRock Enhanced Equity Dividend Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.0619 per share. This represents a $0.74 annualized dividend and a dividend yield of 8.67%. The ex-dividend date is Thursday, May 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.