Investment Partners Asset Management Inc. Sells 2,696 Shares of BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ)

Investment Partners Asset Management Inc. lessened its stake in shares of BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) by 5.3% in the 4th quarter, Holdings Channel reports. The firm owned 48,215 shares of the investment management company’s stock after selling 2,696 shares during the period. Investment Partners Asset Management Inc.’s holdings in BlackRock Enhanced Equity Dividend Trust were worth $399,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in BDJ. Allspring Global Investments Holdings LLC boosted its stake in BlackRock Enhanced Equity Dividend Trust by 138.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 711,096 shares of the investment management company’s stock valued at $6,151,000 after buying an additional 412,499 shares during the last quarter. Kovitz Investment Group Partners LLC purchased a new position in shares of BlackRock Enhanced Equity Dividend Trust in the third quarter valued at $2,770,000. International Assets Investment Management LLC lifted its position in BlackRock Enhanced Equity Dividend Trust by 792.7% during the third quarter. International Assets Investment Management LLC now owns 341,764 shares of the investment management company’s stock valued at $29,560,000 after purchasing an additional 303,480 shares during the last quarter. Polar Asset Management Partners Inc. purchased a new position in shares of BlackRock Enhanced Equity Dividend Trust in the 3rd quarter worth $1,124,000. Finally, Janney Montgomery Scott LLC grew its position in BlackRock Enhanced Equity Dividend Trust by 57.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 264,337 shares of the investment management company’s stock worth $2,189,000 after acquiring an additional 96,332 shares in the last quarter.

BlackRock Enhanced Equity Dividend Trust Price Performance

NYSE BDJ opened at $8.89 on Thursday. The business’s 50 day moving average price is $8.59 and its 200-day moving average price is $8.60. 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 Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a $0.0619 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.74 annualized dividend and a dividend yield of 8.36%. This is an increase 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.