BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) Shares Sold by Institute for Wealth Management LLC.

Institute for Wealth Management LLC. reduced its stake in shares of BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) by 38.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,988 shares of the investment management company’s stock after selling 8,235 shares during the period. Institute for Wealth Management LLC.’s holdings in BlackRock Enhanced Equity Dividend Trust were worth $100,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Invesco Ltd. boosted its stake in shares of BlackRock Enhanced Equity Dividend Trust by 35.4% during the 3rd quarter. Invesco Ltd. now owns 2,385,847 shares of the investment management company’s stock worth $18,156,000 after purchasing an additional 623,219 shares during the last quarter. Wolverine Asset Management LLC grew its position in shares of BlackRock Enhanced Equity Dividend Trust by 379.9% in the third quarter. Wolverine Asset Management LLC now owns 686,416 shares of the investment management company’s stock valued at $5,224,000 after purchasing an additional 543,375 shares during the period. Cornerstone Advisors LLC purchased a new stake in shares of BlackRock Enhanced Equity Dividend Trust in the third quarter valued at $4,065,000. AQR Arbitrage LLC acquired a new position in BlackRock Enhanced Equity Dividend Trust in the third quarter valued at $3,564,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in BlackRock Enhanced Equity Dividend Trust in the 4th quarter worth about $2,065,000.

BlackRock Enhanced Equity Dividend Trust Trading Down 0.1 %

Shares of BDJ stock opened at $7.88 on Monday. BlackRock Enhanced Equity Dividend Trust has a 1-year low of $6.91 and a 1-year high of $8.57. The firm’s 50-day simple moving average is $8.06 and its 200-day simple moving average is $7.79.

BlackRock Enhanced Equity Dividend Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be issued a dividend of $0.056 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.67 dividend on an annualized basis and a dividend yield of 8.53%.

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.