BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) Shares Pass Below Two Hundred Day Moving Average – Here’s What Happened

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $9.24 and traded as low as $9.04. BlackRock Enhanced Equity Dividend Trust shares last traded at $9.0550, with a volume of 876,649 shares.

BlackRock Enhanced Equity Dividend Trust Trading Down 0.8%

The business’s fifty day moving average price is $9.53 and its two-hundred day moving average price is $9.24.

BlackRock Enhanced Equity Dividend Trust Dividend Announcement

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

Institutional Inflows and Outflows

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 worth about $26,000. Harbor Investment Advisory LLC purchased a new stake in BlackRock Enhanced Equity Dividend Trust in the fourth quarter valued at approximately $28,000. Atlantic Union Bankshares Corp purchased a new stake in BlackRock Enhanced Equity Dividend Trust in the third quarter valued at approximately $32,000. Optima Capital LLC acquired a new position in BlackRock Enhanced Equity Dividend Trust in the 4th quarter worth approximately $35,000. Finally, Global Wealth Strategies & Associates acquired a new position in BlackRock Enhanced Equity Dividend Trust in the 4th quarter worth approximately $37,000.

BlackRock Enhanced Equity Dividend Trust Company 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.