Advisors Asset Management Inc. Boosts Holdings in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ)

Advisors Asset Management Inc. grew its position in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) by 4.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,083,026 shares of the investment management company’s stock after acquiring an additional 41,426 shares during the quarter. Advisors Asset Management Inc.’s holdings in BlackRock Enhanced Equity Dividend Trust were worth $9,368,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Raymond James & Associates increased its stake in BlackRock Enhanced Equity Dividend Trust by 2.1% in the 3rd quarter. Raymond James & Associates now owns 2,082,445 shares of the investment management company’s stock worth $18,013,000 after buying an additional 43,766 shares during the period. Allspring Global Investments Holdings LLC increased its position in shares of BlackRock Enhanced Equity Dividend Trust by 138.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 711,096 shares of the investment management company’s stock worth $6,151,000 after acquiring an additional 412,499 shares during the period. Wolverine Asset Management LLC raised its stake in shares of BlackRock Enhanced Equity Dividend Trust by 7.8% during the second quarter. Wolverine Asset Management LLC now owns 594,224 shares of the investment management company’s stock valued at $4,855,000 after acquiring an additional 43,018 shares in the last quarter. Waterfront Wealth Inc. boosted its holdings in shares of BlackRock Enhanced Equity Dividend Trust by 2.9% in the second quarter. Waterfront Wealth Inc. now owns 553,566 shares of the investment management company’s stock valued at $4,523,000 after purchasing an additional 15,695 shares during the period. Finally, Boothe Investment Group Inc. lifted its holdings in shares of BlackRock Enhanced Equity Dividend Trust by 5.8% in the 2nd quarter. Boothe Investment Group Inc. now owns 500,898 shares of the investment management company’s stock worth $4,087,000 after buying an additional 27,603 shares during the period.

BlackRock Enhanced Equity Dividend Trust Stock Performance

NYSE:BDJ opened at $8.70 on Thursday. The firm has a 50-day simple moving average of $8.69 and a 200-day simple moving average of $8.42. BlackRock Enhanced Equity Dividend Trust has a one year low of $7.54 and a one year high of $9.07.

BlackRock Enhanced Equity Dividend Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.0562 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.67 dividend on an annualized basis and a yield of 7.75%.

BlackRock Enhanced Equity Dividend Trust 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.