Eagle Wealth Strategies LLC Buys New Stake in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ)

Eagle Wealth Strategies LLC purchased a new position in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) during the 4th quarter, Holdings Channel reports. The firm purchased 15,090 shares of the investment management company’s stock, valued at approximately $116,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Invesco Ltd. grew its position in BlackRock Enhanced Equity Dividend Trust by 35.4% in the 3rd quarter. Invesco Ltd. now owns 2,385,847 shares of the investment management company’s stock worth $18,156,000 after purchasing an additional 623,219 shares during the last quarter. Raymond James & Associates increased its stake in BlackRock Enhanced Equity Dividend Trust by 3.6% in the fourth quarter. Raymond James & Associates now owns 2,182,631 shares of the investment management company’s stock valued at $16,784,000 after acquiring an additional 76,438 shares during the period. LPL Financial LLC raised its position in BlackRock Enhanced Equity Dividend Trust by 3.1% in the third quarter. LPL Financial LLC now owns 1,300,156 shares of the investment management company’s stock worth $9,894,000 after purchasing an additional 39,227 shares in the last quarter. UBS Group AG lifted its stake in BlackRock Enhanced Equity Dividend Trust by 11.8% during the third quarter. UBS Group AG now owns 1,269,811 shares of the investment management company’s stock worth $9,663,000 after purchasing an additional 133,667 shares during the period. Finally, Stifel Financial Corp boosted its holdings in BlackRock Enhanced Equity Dividend Trust by 8.1% during the third quarter. Stifel Financial Corp now owns 883,683 shares of the investment management company’s stock valued at $6,725,000 after purchasing an additional 66,407 shares in the last quarter.

BlackRock Enhanced Equity Dividend Trust Stock Performance

BDJ stock opened at $8.02 on Tuesday. BlackRock Enhanced Equity Dividend Trust has a 1-year low of $6.91 and a 1-year high of $8.57. The business’s 50 day moving average is $8.07 and its 200-day moving average is $7.81.

BlackRock Enhanced Equity Dividend Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be given a $0.056 dividend. This represents a $0.67 dividend on an annualized basis and a yield of 8.38%. The ex-dividend date is Friday, April 12th.

BlackRock Enhanced Equity Dividend Trust Company Profile

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.