PVG Asset Management Corp Purchases New Shares in BlackRock Enhanced Equity Dividend Trust $BDJ

PVG Asset Management Corp purchased a new position in shares of BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 79,426 shares of the investment management company’s stock, valued at approximately $724,000. BlackRock Enhanced Equity Dividend Trust accounts for about 2.7% of PVG Asset Management Corp’s holdings, making the stock its 8th largest position.

Other institutional investors have also recently added to or reduced their stakes in the company. Cerity Partners LLC purchased a new position in BlackRock Enhanced Equity Dividend Trust in the 2nd quarter valued at about $3,451,000. Raymond James Financial Inc. raised its holdings in BlackRock Enhanced Equity Dividend Trust by 9.3% in the second quarter. Raymond James Financial Inc. now owns 3,980,743 shares of the investment management company’s stock valued at $35,389,000 after acquiring an additional 338,684 shares in the last quarter. Waterfront Wealth Inc. boosted its stake in BlackRock Enhanced Equity Dividend Trust by 32.6% during the 3rd quarter. Waterfront Wealth Inc. now owns 915,733 shares of the investment management company’s stock valued at $8,219,000 after acquiring an additional 225,076 shares during the last quarter. PMG Family Office LLC bought a new position in BlackRock Enhanced Equity Dividend Trust during the 3rd quarter valued at $1,135,000. Finally, Invesco Ltd. grew its holdings in BlackRock Enhanced Equity Dividend Trust by 5.6% during the 2nd quarter. Invesco Ltd. now owns 2,312,750 shares of the investment management company’s stock worth $20,560,000 after acquiring an additional 122,923 shares in the last quarter.

BlackRock Enhanced Equity Dividend Trust Price Performance

BDJ opened at $8.84 on Thursday. The company has a 50-day moving average of $9.46 and a 200-day moving average of $9.23. BlackRock Enhanced Equity Dividend Trust has a 1-year low of $7.16 and a 1-year high of $9.76.

BlackRock Enhanced Equity Dividend Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a $0.0619 dividend. This represents a c) dividend on an annualized basis and a yield of 8.4%. The ex-dividend date is Monday, June 15th.

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.