Saxony Capital Management LLC Sells 1,806 Shares of BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ)

Saxony Capital Management LLC trimmed its holdings in shares of BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) by 3.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,309 shares of the investment management company’s stock after selling 1,806 shares during the period. Saxony Capital Management LLC’s holdings in BlackRock Enhanced Equity Dividend Trust were worth $367,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Allspring Global Investments Holdings LLC raised its stake in BlackRock Enhanced Equity Dividend Trust by 138.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 711,096 shares of the investment management company’s stock valued at $6,151,000 after acquiring an additional 412,499 shares during the period. Kovitz Investment Group Partners LLC bought a new stake in BlackRock Enhanced Equity Dividend Trust in the 3rd quarter valued at about $2,770,000. International Assets Investment Management LLC raised its stake in BlackRock Enhanced Equity Dividend Trust by 792.7% in the 3rd quarter. International Assets Investment Management LLC now owns 341,764 shares of the investment management company’s stock valued at $29,560,000 after acquiring an additional 303,480 shares during the period. Polar Asset Management Partners Inc. bought a new stake in BlackRock Enhanced Equity Dividend Trust in the 3rd quarter valued at about $1,124,000. Finally, Sanctuary Advisors LLC bought a new stake in BlackRock Enhanced Equity Dividend Trust in the 2nd quarter valued at about $1,012,000.

BlackRock Enhanced Equity Dividend Trust Stock Up 1.3 %

BDJ stock opened at $8.83 on Friday. BlackRock Enhanced Equity Dividend Trust has a twelve month low of $7.80 and a twelve month high of $9.07. The stock has a 50-day simple moving average of $8.60 and a two-hundred day simple moving average of $8.56.

BlackRock Enhanced Equity Dividend Trust Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th 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. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.74 annualized dividend and a dividend yield of 8.42%.

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.