BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ)’s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $9.20 and traded as low as $9.08. BlackRock Enhanced Equity Dividend Trust shares last traded at $9.1550, with a volume of 453,960 shares changing hands.

BlackRock Enhanced Equity Dividend Trust Stock Up 0.8%

The business’s 50 day simple moving average is $9.09 and its two-hundred day simple moving average is $9.20.

BlackRock Enhanced Equity Dividend Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a $0.0619 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date of this dividend is Monday, June 15th.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in BDJ. Franklin Resources Inc. lifted its stake in shares of BlackRock Enhanced Equity Dividend Trust by 11.4% in the second quarter. Franklin Resources Inc. now owns 12,493 shares of the investment management company’s stock valued at $111,000 after buying an additional 1,281 shares in the last quarter. Invesco Ltd. lifted its stake in shares of BlackRock Enhanced Equity Dividend Trust by 5.6% in the second quarter. Invesco Ltd. now owns 2,312,750 shares of the investment management company’s stock valued at $20,560,000 after buying an additional 122,923 shares in the last quarter. Walleye Capital LLC bought a new position in shares of BlackRock Enhanced Equity Dividend Trust during the second quarter valued at about $226,000. Cerity Partners LLC bought a new position in shares of BlackRock Enhanced Equity Dividend Trust during the second quarter valued at about $3,451,000. Finally, NewEdge Advisors LLC lifted its position in shares of BlackRock Enhanced Equity Dividend Trust by 11.3% during the second quarter. NewEdge Advisors LLC now owns 44,694 shares of the investment management company’s stock valued at $397,000 after purchasing an additional 4,538 shares in the last quarter.

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.