Janney Montgomery Scott LLC Purchases 38,405 Shares of BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ)

Janney Montgomery Scott LLC boosted its position in shares of BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) by 14.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 302,742 shares of the investment management company’s stock after acquiring an additional 38,405 shares during the period. Janney Montgomery Scott LLC’s holdings in BlackRock Enhanced Equity Dividend Trust were worth $2,604,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BDJ. Summit Securities Group LLC bought a new stake in BlackRock Enhanced Equity Dividend Trust during the 4th quarter worth approximately $38,000. Ameriflex Group Inc. bought a new stake in BlackRock Enhanced Equity Dividend Trust during the 4th quarter worth approximately $74,000. South Plains Financial Inc. bought a new stake in BlackRock Enhanced Equity Dividend Trust during the 4th quarter worth approximately $81,000. Franklin Resources Inc. bought a new stake in BlackRock Enhanced Equity Dividend Trust during the 4th quarter worth approximately $92,000. Finally, GWN Securities Inc. bought a new stake in BlackRock Enhanced Equity Dividend Trust during the 4th quarter worth approximately $94,000.

BlackRock Enhanced Equity Dividend Trust Stock Performance

NYSE BDJ opened at $8.69 on Thursday. BlackRock Enhanced Equity Dividend Trust has a 12 month low of $7.16 and a 12 month high of $9.07. The company’s 50 day moving average is $8.45 and its two-hundred day moving average is $8.52.

BlackRock Enhanced Equity Dividend Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a $0.0619 dividend. This represents a $0.74 annualized dividend and a dividend yield of 8.55%. The ex-dividend date of this dividend is Friday, June 13th.

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.