BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) Share Price Crosses Below 200-Day Moving Average – Should You Sell?

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $9.20 and traded as low as $8.95. BlackRock Enhanced Equity Dividend Trust shares last traded at $9.0050, with a volume of 428,286 shares traded.

BlackRock Enhanced Equity Dividend Trust Price Performance

The business’s 50-day moving average is $9.22 and its 200 day moving average is $9.20.

BlackRock Enhanced Equity Dividend Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a $0.0619 dividend. The ex-dividend date is Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 8.2%.

Hedge Funds Weigh In On BlackRock Enhanced Equity Dividend Trust

A number of hedge funds have recently modified their holdings of BDJ. United Financial Planning Group LLC purchased a new position in shares of BlackRock Enhanced Equity Dividend Trust in the third quarter valued at about $26,000. Harbor Investment Advisory LLC purchased a new position in shares of BlackRock Enhanced Equity Dividend Trust in the fourth quarter valued at about $28,000. Atlantic Union Bankshares Corp purchased a new position in shares of BlackRock Enhanced Equity Dividend Trust in the third quarter valued at about $32,000. Optima Capital LLC purchased a new position in shares of BlackRock Enhanced Equity Dividend Trust in the fourth quarter valued at about $35,000. Finally, Global Wealth Strategies & Associates purchased a new position in shares of BlackRock Enhanced Equity Dividend Trust in the fourth quarter valued at about $37,000.

About BlackRock Enhanced Equity Dividend Trust

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.