Sanctuary Advisors LLC Makes New $944,000 Investment in BlackRock Enhanced Equity Dividend Trust $BDJ

Sanctuary Advisors LLC acquired a new position in shares of BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 98,621 shares of the investment management company’s stock, valued at approximately $944,000.

Several other institutional investors have also recently made changes to their positions in BDJ. Franklin Resources Inc. increased its holdings in 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. grew its stake in BlackRock Enhanced Equity Dividend Trust by 5.6% in the 2nd quarter. Invesco Ltd. now owns 2,312,750 shares of the investment management company’s stock valued at $20,560,000 after acquiring an additional 122,923 shares during the period. Walleye Capital LLC acquired a new stake in BlackRock Enhanced Equity Dividend Trust in the 2nd quarter valued at $226,000. Cerity Partners LLC purchased a new stake in BlackRock Enhanced Equity Dividend Trust in the 2nd quarter worth $3,451,000. Finally, NewEdge Advisors LLC increased its holdings in BlackRock Enhanced Equity Dividend Trust by 11.3% in the 2nd quarter. NewEdge Advisors LLC now owns 44,694 shares of the investment management company’s stock worth $397,000 after acquiring an additional 4,538 shares in the last quarter.

BlackRock Enhanced Equity Dividend Trust Stock Performance

NYSE:BDJ opened at $9.79 on Friday. BlackRock Enhanced Equity Dividend Trust has a fifty-two week low of $8.42 and a fifty-two week high of $9.95. The company has a fifty day moving average of $9.67 and a two-hundred day moving average of $9.34.

BlackRock Enhanced Equity Dividend Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a dividend of $0.0619 per share. This represents a c) annualized dividend and a dividend yield of 7.6%. The ex-dividend date is Tuesday, September 15th.

BlackRock Enhanced Equity Dividend Trust 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.