BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) Stock Price Passes Above 50 Day Moving Average – Should You Sell?

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $9.05 and traded as high as $9.27. BlackRock Enhanced Equity Dividend Trust shares last traded at $9.2550, with a volume of 348,397 shares changing hands.

BlackRock Enhanced Equity Dividend Trust Trading Up 0.7%

The firm has a 50-day simple moving average of $9.05 and a 200-day simple moving average of $9.22.

Institutional Trading of BlackRock Enhanced Equity Dividend Trust

A number of institutional investors have recently made changes to their positions in BDJ. Allworth Financial LP increased its stake in BlackRock Enhanced Equity Dividend Trust by 2.5% during the 4th quarter. Allworth Financial LP now owns 46,731 shares of the investment management company’s stock worth $443,000 after buying an additional 1,124 shares in the last quarter. Mezzasalma Advisors LLC increased its stake in BlackRock Enhanced Equity Dividend Trust by 2.6% during the 4th quarter. Mezzasalma Advisors LLC now owns 45,034 shares of the investment management company’s stock worth $424,000 after buying an additional 1,159 shares in the last quarter. Jackson Grant Investment Advisers Inc. grew its position in shares of BlackRock Enhanced Equity Dividend Trust by 2.3% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 51,211 shares of the investment management company’s stock valued at $485,000 after purchasing an additional 1,169 shares in the last quarter. Truist Financial Corp grew its position in shares of BlackRock Enhanced Equity Dividend Trust by 2.5% in the fourth quarter. Truist Financial Corp now owns 50,439 shares of the investment management company’s stock valued at $478,000 after purchasing an additional 1,210 shares in the last quarter. Finally, Franklin Resources Inc. grew its position 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 purchasing an additional 1,281 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.