BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC trimmed its holdings in shares of BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) by 5.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 152,375 shares of the investment management company’s stock after selling 9,390 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in BlackRock Enhanced Equity Dividend Trust were worth $1,245,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of BDJ. Creekmur Asset Management LLC acquired a new stake in shares of BlackRock Enhanced Equity Dividend Trust during the fourth quarter worth $34,000. CWM LLC raised its holdings in shares of BlackRock Enhanced Equity Dividend Trust by 32.9% during the second quarter. CWM LLC now owns 8,333 shares of the investment management company’s stock worth $68,000 after purchasing an additional 2,065 shares during the period. NCM Capital Management LLC acquired a new stake in shares of BlackRock Enhanced Equity Dividend Trust in the 4th quarter worth about $78,000. Diversify Advisory Services LLC acquired a new stake in shares of BlackRock Enhanced Equity Dividend Trust in the 1st quarter worth about $84,000. Finally, Focus Financial Network Inc. ADV acquired a new stake in shares of BlackRock Enhanced Equity Dividend Trust in the 4th quarter worth about $87,000.

BlackRock Enhanced Equity Dividend Trust Stock Up 1.0 %

BDJ stock opened at $8.39 on Tuesday. BlackRock Enhanced Equity Dividend Trust has a fifty-two week low of $6.91 and a fifty-two week high of $8.54. The firm’s 50-day simple moving average is $8.23 and its 200 day simple moving average is $8.14.

BlackRock Enhanced Equity Dividend Trust Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, August 30th. Investors of record on Thursday, August 15th will be issued 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%.

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.