BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) Position Cut by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC trimmed its holdings in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) by 7.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 561,161 shares of the investment management company’s stock after selling 42,656 shares during the quarter. Commonwealth Equity Services LLC’s holdings in BlackRock Enhanced Equity Dividend Trust were worth $4,585,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Wells Fargo & Company MN lifted its position in BlackRock Enhanced Equity Dividend Trust by 26.9% in the fourth quarter. Wells Fargo & Company MN now owns 3,199,012 shares of the investment management company’s stock worth $24,600,000 after purchasing an additional 678,231 shares during the period. Cornerstone Advisors LLC lifted its position in BlackRock Enhanced Equity Dividend Trust by 122.8% in the fourth quarter. Cornerstone Advisors LLC now owns 1,189,889 shares of the investment management company’s stock worth $9,150,000 after purchasing an additional 655,731 shares during the period. Cetera Investment Advisers lifted its position in BlackRock Enhanced Equity Dividend Trust by 1,193.8% in the first quarter. Cetera Investment Advisers now owns 216,416 shares of the investment management company’s stock worth $1,785,000 after purchasing an additional 199,689 shares during the period. Advisors Asset Management Inc. lifted its position in BlackRock Enhanced Equity Dividend Trust by 25.6% in the first quarter. Advisors Asset Management Inc. now owns 884,626 shares of the investment management company’s stock worth $7,298,000 after purchasing an additional 180,266 shares during the period. Finally, Kingswood Wealth Advisors LLC acquired a new stake in BlackRock Enhanced Equity Dividend Trust in the second quarter worth approximately $934,000.

BlackRock Enhanced Equity Dividend Trust Stock Performance

BDJ opened at $8.40 on Monday. BlackRock Enhanced Equity Dividend Trust has a 1-year low of $6.91 and a 1-year high of $8.66. The business has a 50 day moving average price of $8.34 and a two-hundred day moving average price of $8.20.

BlackRock Enhanced Equity Dividend Trust Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be given a dividend of $0.0562 per share. This represents a $0.67 dividend on an annualized basis and a dividend yield of 8.03%. The ex-dividend date of this dividend is Monday, September 16th. This is an increase from BlackRock Enhanced Equity Dividend Trust’s previous monthly dividend of $0.06.

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.