BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) Shares Sold by Prevail Innovative Wealth Advisors LLC

Prevail Innovative Wealth Advisors LLC lowered its stake in shares of BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) by 29.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 124,415 shares of the investment management company’s stock after selling 52,576 shares during the quarter. Prevail Innovative Wealth Advisors LLC’s holdings in BlackRock Enhanced Equity Dividend Trust were worth $1,030,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of BDJ. Summit Securities Group LLC purchased a new stake in BlackRock Enhanced Equity Dividend Trust during the 4th quarter worth approximately $38,000. JPMorgan Chase & Co. grew its holdings in shares of BlackRock Enhanced Equity Dividend Trust by 1,203.3% during the third quarter. JPMorgan Chase & Co. now owns 5,539 shares of the investment management company’s stock valued at $48,000 after buying an additional 5,114 shares during the last quarter. GWN Securities Inc. purchased a new stake in shares of BlackRock Enhanced Equity Dividend Trust during the fourth quarter valued at $94,000. Arete Wealth Advisors LLC acquired a new position in shares of BlackRock Enhanced Equity Dividend Trust in the 3rd quarter valued at $98,000. Finally, Icon Wealth Advisors LLC purchased a new position in BlackRock Enhanced Equity Dividend Trust in the 3rd quarter worth $118,000.

BlackRock Enhanced Equity Dividend Trust Trading Down 0.5 %

BlackRock Enhanced Equity Dividend Trust stock opened at $8.63 on Friday. The business’s 50-day simple moving average is $8.76 and its two-hundred day simple moving average is $8.68. BlackRock Enhanced Equity Dividend Trust has a fifty-two week low of $7.80 and a fifty-two week high of $9.07.

BlackRock Enhanced Equity Dividend Trust Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $0.0619 dividend. 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 8.61%. This is a positive change from BlackRock Enhanced Equity Dividend Trust’s previous monthly dividend of $0.05.

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.