BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) Stock Crosses Below 200 Day Moving Average – Should You Sell?

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $9.22 and traded as low as $9.15. BlackRock Enhanced Equity Dividend Trust shares last traded at $9.1550, with a volume of 340,794 shares traded.

BlackRock Enhanced Equity Dividend Trust Trading Down 0.6%

The stock’s fifty day simple moving average is $8.99 and its two-hundred day simple moving average is $9.22.

BlackRock Enhanced Equity Dividend Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a dividend of $0.0619 per share. This represents a c) annualized dividend and a yield of 8.1%. The ex-dividend date of this dividend is Monday, June 15th.

Institutional Investors Weigh In On BlackRock Enhanced Equity Dividend Trust

A number of institutional investors have recently made changes to their positions in the stock. Allworth Financial LP raised its position in shares of BlackRock Enhanced Equity Dividend Trust by 2.5% during the fourth quarter. Allworth Financial LP now owns 46,731 shares of the investment management company’s stock worth $443,000 after acquiring an additional 1,124 shares during the last quarter. Mezzasalma Advisors LLC boosted its holdings in BlackRock Enhanced Equity Dividend Trust by 2.6% in the fourth quarter. Mezzasalma Advisors LLC now owns 45,034 shares of the investment management company’s stock valued at $424,000 after acquiring an additional 1,159 shares during the last quarter. Jackson Grant Investment Advisers Inc. increased its position in BlackRock Enhanced Equity Dividend Trust by 2.3% during the 4th quarter. Jackson Grant Investment Advisers Inc. now owns 51,211 shares of the investment management company’s stock valued at $485,000 after purchasing an additional 1,169 shares during the period. NWF Advisory Services Inc. raised its holdings in BlackRock Enhanced Equity Dividend Trust by 2.8% during the 3rd quarter. NWF Advisory Services Inc. now owns 44,084 shares of the investment management company’s stock worth $402,000 after purchasing an additional 1,199 shares during the last quarter. Finally, Truist Financial Corp raised its holdings in BlackRock Enhanced Equity Dividend Trust by 2.5% during the 4th quarter. Truist Financial Corp now owns 50,439 shares of the investment management company’s stock worth $478,000 after purchasing an additional 1,210 shares during the last quarter.

BlackRock Enhanced Equity Dividend Trust Company Profile

BlackRock Enhanced Equity Dividend Trust (NYSE: BDJ) is a closed-end management investment company that seeks to provide current income and capital appreciation by investing primarily in dividend-paying equity securities. The trust pursues an enhanced dividend strategy, focusing on U.S. large-capitalization common stocks with a history of dividend payments. To augment income generation, BDJ may also employ an option overlay strategy, writing covered call options on select securities or indices.

Since commencing operations in 2006, BDJ has been advised by BlackRock Fund Advisors, one of the world’s largest asset managers.