BlackRock Enhanced Equity Dividend Trust $BDJ Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. trimmed its holdings in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) by 29.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 732,964 shares of the investment management company’s stock after selling 312,097 shares during the period. Advisors Asset Management Inc.’s holdings in BlackRock Enhanced Equity Dividend Trust were worth $6,677,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Atlantic Union Bankshares Corp acquired a new stake in shares of BlackRock Enhanced Equity Dividend Trust in the third quarter valued at $32,000. MAI Capital Management lifted its stake in BlackRock Enhanced Equity Dividend Trust by 50.3% during the second quarter. MAI Capital Management now owns 6,997 shares of the investment management company’s stock worth $62,000 after purchasing an additional 2,341 shares during the last quarter. Kovack Advisors Inc. acquired a new position in shares of BlackRock Enhanced Equity Dividend Trust in the 2nd quarter valued at $91,000. World Investment Advisors acquired a new position in BlackRock Enhanced Equity Dividend Trust in the third quarter valued at $99,000. Finally, Transcend Capital Advisors LLC acquired a new stake in shares of BlackRock Enhanced Equity Dividend Trust in the 2nd quarter valued at about $102,000.

BlackRock Enhanced Equity Dividend Trust Stock Performance

Shares of BDJ opened at $9.54 on Friday. BlackRock Enhanced Equity Dividend Trust has a 12-month low of $7.16 and a 12-month high of $9.76. The company’s 50 day simple moving average is $9.45 and its 200-day simple moving average is $9.15.

BlackRock Enhanced Equity Dividend Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be issued a dividend of $0.0619 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a c) dividend on an annualized basis and a dividend yield of 7.8%.

BlackRock Enhanced Equity Dividend Trust Profile

BlackRock Enhanced Equity Dividend Trust (NYSE: BDJ) is a closed-end management investment company that seeks to provide current income and capital appreciation by investing primarily in dividend-paying equity securities. The trust pursues an enhanced dividend strategy, focusing on U.S. large-capitalization common stocks with a history of dividend payments. To augment income generation, BDJ may also employ an option overlay strategy, writing covered call options on select securities or indices.

Since commencing operations in 2006, BDJ has been advised by BlackRock Fund Advisors, one of the world’s largest asset managers.