Brown Advisory Inc. Reduces Position in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ)

Brown Advisory Inc. cut its position in shares of BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) by 6.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 35,135 shares of the investment management company’s stock after selling 2,309 shares during the period. Brown Advisory Inc.’s holdings in BlackRock Enhanced Equity Dividend Trust were worth $302,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Heritage Wealth Management Inc. purchased a new stake in BlackRock Enhanced Equity Dividend Trust in the 1st quarter valued at about $155,000. Penserra Capital Management LLC purchased a new stake in shares of BlackRock Enhanced Equity Dividend Trust in the 1st quarter worth approximately $5,126,000. Concurrent Investment Advisors LLC bought a new position in shares of BlackRock Enhanced Equity Dividend Trust during the 1st quarter worth approximately $101,000. D.A. Davidson & CO. raised its stake in shares of BlackRock Enhanced Equity Dividend Trust by 8.9% during the 1st quarter. D.A. Davidson & CO. now owns 34,673 shares of the investment management company’s stock worth $298,000 after acquiring an additional 2,829 shares in the last quarter. Finally, Waterfront Wealth Inc. raised its stake in shares of BlackRock Enhanced Equity Dividend Trust by 3.7% during the 1st quarter. Waterfront Wealth Inc. now owns 644,507 shares of the investment management company’s stock worth $5,543,000 after acquiring an additional 23,288 shares in the last quarter.

BlackRock Enhanced Equity Dividend Trust Trading Down 1.2%

NYSE BDJ opened at $8.81 on Wednesday. The company has a 50 day moving average price of $8.65 and a 200 day moving average price of $8.56. BlackRock Enhanced Equity Dividend Trust has a 52 week low of $7.16 and a 52 week high of $9.07.

BlackRock Enhanced Equity Dividend Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, July 31st. Investors of record on Tuesday, July 15th will be paid a dividend of $0.0619 per share. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a $0.74 annualized dividend and a dividend yield of 8.44%.

BlackRock Enhanced Equity Dividend Trust Profile

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.