GWN Securities Inc. Purchases New Holdings in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ)

GWN Securities Inc. purchased a new stake in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 10,763 shares of the investment management company’s stock, valued at approximately $94,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BDJ. Raymond James Financial Inc. purchased a new position in BlackRock Enhanced Equity Dividend Trust in the 4th quarter valued at about $28,740,000. Kovitz Investment Group Partners LLC acquired a new stake in BlackRock Enhanced Equity Dividend Trust in the 3rd quarter valued at about $2,770,000. Polar Asset Management Partners Inc. acquired a new stake in BlackRock Enhanced Equity Dividend Trust in the 3rd quarter valued at about $1,124,000. Janney Montgomery Scott LLC raised its holdings in BlackRock Enhanced Equity Dividend Trust by 57.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 264,337 shares of the investment management company’s stock valued at $2,189,000 after acquiring an additional 96,332 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. raised its holdings in BlackRock Enhanced Equity Dividend Trust by 61.8% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 233,094 shares of the investment management company’s stock valued at $1,930,000 after acquiring an additional 88,995 shares during the last quarter.

BlackRock Enhanced Equity Dividend Trust Trading Up 0.3 %

BDJ stock opened at $8.67 on Wednesday. BlackRock Enhanced Equity Dividend Trust has a 12 month low of $7.80 and a 12 month high of $9.07. The firm has a 50-day moving average of $8.74 and a two-hundred day moving average of $8.67.

BlackRock Enhanced Equity Dividend Trust Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.0619 dividend. This is an increase from BlackRock Enhanced Equity Dividend Trust’s previous monthly dividend of $0.05. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.74 dividend on an annualized basis and a yield of 8.57%.

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.