BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) Stock Price Passes Above 50 Day Moving Average – Should You Sell?

BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ)’s stock price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $9.05 and traded as high as $9.27. BlackRock Enhanced Equity Dividend Trust shares last traded at $9.2550, with a volume of 348,397 shares.

BlackRock Enhanced Equity Dividend Trust Stock Up 0.7%

The firm has a 50 day moving average of $9.05 and a 200-day moving average of $9.22.

Institutional Trading of BlackRock Enhanced Equity Dividend Trust

Several hedge funds and other institutional investors have recently bought and sold shares of BDJ. Cerity Partners LLC bought a new stake in BlackRock Enhanced Equity Dividend Trust during the 2nd quarter valued at $3,451,000. SOL Capital Management CO bought a new stake in BlackRock Enhanced Equity Dividend Trust during the 1st quarter valued at $3,168,000. Raymond James Financial Inc. boosted its position in BlackRock Enhanced Equity Dividend Trust by 9.3% during the 2nd quarter. Raymond James Financial Inc. now owns 3,980,743 shares of the investment management company’s stock valued at $35,389,000 after acquiring an additional 338,684 shares in the last quarter. Guggenheim Capital LLC boosted its position in BlackRock Enhanced Equity Dividend Trust by 11.4% during the 4th quarter. Guggenheim Capital LLC now owns 2,297,905 shares of the investment management company’s stock valued at $21,784,000 after acquiring an additional 234,887 shares in the last quarter. Finally, Waterfront Wealth Inc. boosted its position in BlackRock Enhanced Equity Dividend Trust by 32.6% during the 3rd quarter. Waterfront Wealth Inc. now owns 915,733 shares of the investment management company’s stock valued at $8,219,000 after acquiring an additional 225,076 shares in 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.