Cwm LLC Purchases 2,065 Shares of BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ)

Cwm LLC boosted its holdings in shares of BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) by 32.9% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 8,333 shares of the investment management company’s stock after buying an additional 2,065 shares during the quarter. Cwm LLC’s holdings in BlackRock Enhanced Equity Dividend Trust were worth $68,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Creekmur Asset Management LLC bought a new stake in shares of BlackRock Enhanced Equity Dividend Trust during the 4th quarter valued at $34,000. NCM Capital Management LLC bought a new stake in BlackRock Enhanced Equity Dividend Trust during the fourth quarter valued at about $78,000. Diversify Advisory Services LLC purchased a new stake in BlackRock Enhanced Equity Dividend Trust in the first quarter worth about $84,000. Spirepoint Private Client LLC purchased a new stake in BlackRock Enhanced Equity Dividend Trust in the first quarter worth about $87,000. Finally, Park Avenue Securities LLC bought a new position in shares of BlackRock Enhanced Equity Dividend Trust in the first quarter worth about $89,000.

BlackRock Enhanced Equity Dividend Trust Trading Up 1.0 %

Shares of NYSE:BDJ opened at $8.39 on Tuesday. The stock has a 50 day moving average of $8.23 and a 200 day moving average of $8.14. BlackRock Enhanced Equity Dividend Trust has a 12-month low of $6.91 and a 12-month high of $8.54.

BlackRock Enhanced Equity Dividend Trust Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, August 30th. Shareholders of record on Thursday, August 15th will be given a $0.056 dividend. The ex-dividend date is Thursday, August 15th. This represents a $0.67 dividend on an annualized basis and a dividend yield of 8.01%.

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.