LPL Financial LLC Trims Stock Position in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ)

LPL Financial LLC lessened its holdings in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) by 4.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,383,779 shares of the investment management company’s stock after selling 71,872 shares during the period. LPL Financial LLC’s holdings in BlackRock Enhanced Equity Dividend Trust were worth $11,900,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Franklin Resources Inc. acquired a new stake in BlackRock Enhanced Equity Dividend Trust in the 4th quarter worth about $92,000. Wells Fargo & Company MN lifted its stake in BlackRock Enhanced Equity Dividend Trust by 1.3% during the fourth quarter. Wells Fargo & Company MN now owns 3,105,800 shares of the investment management company’s stock worth $25,716,000 after purchasing an additional 39,417 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of BlackRock Enhanced Equity Dividend Trust by 18.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 112,188 shares of the investment management company’s stock worth $929,000 after acquiring an additional 17,658 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of BlackRock Enhanced Equity Dividend Trust during the fourth quarter worth $28,740,000. Finally, Concorde Asset Management LLC increased its position in shares of BlackRock Enhanced Equity Dividend Trust by 19.8% during the fourth quarter. Concorde Asset Management LLC now owns 35,513 shares of the investment management company’s stock worth $294,000 after acquiring an additional 5,864 shares during the period.

BlackRock Enhanced Equity Dividend Trust Price Performance

NYSE:BDJ opened at $8.79 on Friday. BlackRock Enhanced Equity Dividend Trust has a 12 month low of $7.16 and a 12 month high of $9.07. The business’s fifty day moving average price is $8.74 and its 200 day moving average price is $8.60.

BlackRock Enhanced Equity Dividend Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be paid a dividend of $0.0619 per share. The ex-dividend date is Friday, August 15th. This represents a c) annualized dividend and a dividend yield of 8.5%.

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.