Brown Brothers Harriman & Co. Purchases Shares of 5,000 BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ)

Brown Brothers Harriman & Co. acquired a new position in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 5,000 shares of the investment management company’s stock, valued at approximately $43,000.

Other large investors also recently modified their holdings of the company. Advisors Asset Management Inc. raised its position in BlackRock Enhanced Equity Dividend Trust by 4.0% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,083,026 shares of the investment management company’s stock valued at $9,368,000 after buying an additional 41,426 shares during the last quarter. Laffer Tengler Investments Inc. purchased a new stake in shares of BlackRock Enhanced Equity Dividend Trust in the third quarter valued at about $590,000. Ashton Thomas Securities LLC lifted its position in shares of BlackRock Enhanced Equity Dividend Trust by 7.2% during the third quarter. Ashton Thomas Securities LLC now owns 74,876 shares of the investment management company’s stock valued at $648,000 after purchasing an additional 5,000 shares in the last quarter. Tyler Stone Wealth Management boosted its holdings in BlackRock Enhanced Equity Dividend Trust by 93.9% during the third quarter. Tyler Stone Wealth Management now owns 63,474 shares of the investment management company’s stock worth $549,000 after purchasing an additional 30,735 shares during the last quarter. Finally, XML Financial LLC grew its position in BlackRock Enhanced Equity Dividend Trust by 30.7% in the 3rd quarter. XML Financial LLC now owns 20,571 shares of the investment management company’s stock worth $178,000 after purchasing an additional 4,837 shares in the last quarter.

BlackRock Enhanced Equity Dividend Trust Price Performance

BlackRock Enhanced Equity Dividend Trust stock opened at $8.97 on Friday. BlackRock Enhanced Equity Dividend Trust has a 52 week low of $7.60 and a 52 week high of $9.07. The company’s 50 day moving average price is $8.74 and its two-hundred day moving average price is $8.45.

BlackRock Enhanced Equity Dividend Trust Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 16th will be issued a dividend of $0.0619 per share. This is a positive change from BlackRock Enhanced Equity Dividend Trust’s previous monthly dividend of $0.05. This represents a $0.74 dividend on an annualized basis and a yield of 8.28%. The ex-dividend date of this dividend is Monday, December 16th.

About BlackRock Enhanced Equity Dividend Trust

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.