BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) Stock Position Raised by Waterfront Wealth Inc.

Waterfront Wealth Inc. boosted its stake in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) by 0.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 245,904 shares of the investment management company’s stock after buying an additional 2,210 shares during the quarter. Waterfront Wealth Inc.’s holdings in BlackRock Enhanced Equity Dividend Trust were worth $1,891,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Wells Fargo & Company MN boosted its holdings in BlackRock Enhanced Equity Dividend Trust by 3.1% in the 2nd quarter. Wells Fargo & Company MN now owns 2,413,563 shares of the investment management company’s stock valued at $20,129,000 after purchasing an additional 71,952 shares during the period. Invesco Ltd. increased 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 valued at $18,156,000 after acquiring an additional 623,219 shares in the last quarter. Raymond James & Associates increased its position in BlackRock Enhanced Equity Dividend Trust by 3.6% in the 4th 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 in the last quarter. Guggenheim Capital LLC increased its position in BlackRock Enhanced Equity Dividend Trust by 3.4% in the 1st quarter. Guggenheim Capital LLC now owns 1,601,156 shares of the investment management company’s stock valued at $15,852,000 after acquiring an additional 52,939 shares in the last quarter. Finally, LPL Financial LLC grew its position in shares of BlackRock Enhanced Equity Dividend Trust by 3.1% during the 3rd quarter. LPL Financial LLC now owns 1,300,156 shares of the investment management company’s stock worth $9,894,000 after buying an additional 39,227 shares during the period.

BlackRock Enhanced Equity Dividend Trust Stock Up 0.5 %

Shares of NYSE:BDJ traded up $0.04 during trading on Wednesday, hitting $7.86. 279,444 shares of the company’s stock were exchanged, compared to its average volume of 541,392. The firm has a 50-day moving average price of $8.07 and a two-hundred day moving average price of $7.78. BlackRock Enhanced Equity Dividend Trust has a 1-year low of $6.91 and a 1-year high of $8.57.

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 paid a $0.056 dividend. This represents a $0.67 dividend on an annualized basis and a yield of 8.55%. The ex-dividend date of this dividend 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.