Wealthcare Advisory Partners LLC Purchases New Position in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ)

Wealthcare Advisory Partners LLC acquired a new position in shares of BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 21,676 shares of the investment management company’s stock, valued at approximately $186,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Raymond James Financial Inc. acquired a new stake in shares of BlackRock Enhanced Equity Dividend Trust in the 4th quarter valued at about $28,740,000. Shaker Financial Services LLC raised its position in BlackRock Enhanced Equity Dividend Trust by 120.6% in the 4th quarter. Shaker Financial Services LLC now owns 487,926 shares of the investment management company’s stock valued at $4,040,000 after purchasing an additional 266,733 shares during the last quarter. Kovitz Investment Group Partners LLC raised its position in BlackRock Enhanced Equity Dividend Trust by 56.8% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 513,309 shares of the investment management company’s stock valued at $4,250,000 after purchasing an additional 185,989 shares during the last quarter. Guggenheim Capital LLC grew its position in BlackRock Enhanced Equity Dividend Trust by 8.9% during the 4th quarter. Guggenheim Capital LLC now owns 2,057,071 shares of the investment management company’s stock worth $17,033,000 after purchasing an additional 167,398 shares during the last quarter. Finally, Waverly Advisors LLC increased its stake in BlackRock Enhanced Equity Dividend Trust by 653.5% in the fourth quarter. Waverly Advisors LLC now owns 115,274 shares of the investment management company’s stock valued at $954,000 after purchasing an additional 99,976 shares during the period.

BlackRock Enhanced Equity Dividend Trust Price Performance

NYSE BDJ opened at $8.56 on Monday. BlackRock Enhanced Equity Dividend Trust has a 52-week low of $7.16 and a 52-week high of $9.07. The business’s 50-day moving average price is $8.36 and its 200 day moving average price is $8.53.

BlackRock Enhanced Equity Dividend Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a $0.0619 dividend. The ex-dividend date is Friday, June 13th. This represents a $0.74 annualized dividend and a dividend yield of 8.68%.

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.