Tyler Stone Wealth Management Boosts Stock Position in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ)

Tyler Stone Wealth Management increased its stake in shares of BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) by 2.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 64,730 shares of the investment management company’s stock after buying an additional 1,256 shares during the quarter. Tyler Stone Wealth Management’s holdings in BlackRock Enhanced Equity Dividend Trust were worth $536,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Brown Brothers Harriman & Co. purchased a new stake in shares of BlackRock Enhanced Equity Dividend Trust in the 3rd quarter valued at approximately $43,000. JPMorgan Chase & Co. lifted its holdings in BlackRock Enhanced Equity Dividend Trust by 1,203.3% in the third quarter. JPMorgan Chase & Co. now owns 5,539 shares of the investment management company’s stock valued at $48,000 after acquiring an additional 5,114 shares during the last quarter. GWN Securities Inc. purchased a new position in BlackRock Enhanced Equity Dividend Trust in the fourth quarter worth approximately $94,000. Arete Wealth Advisors LLC purchased a new position in BlackRock Enhanced Equity Dividend Trust in the third quarter worth approximately $98,000. Finally, Icon Wealth Advisors LLC acquired a new stake in BlackRock Enhanced Equity Dividend Trust during the third quarter worth $118,000.

BlackRock Enhanced Equity Dividend Trust Stock Down 0.5 %

Shares of BlackRock Enhanced Equity Dividend Trust stock opened at $8.68 on Thursday. BlackRock Enhanced Equity Dividend Trust has a 52 week low of $7.80 and a 52 week high of $9.07. The business’s fifty day simple moving average is $8.76 and its 200-day simple moving average is $8.68.

BlackRock Enhanced Equity Dividend Trust Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a $0.0619 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.74 dividend on an annualized basis and a yield of 8.56%. This is a boost from BlackRock Enhanced Equity Dividend Trust’s previous monthly dividend of $0.05.

About BlackRock Enhanced Equity Dividend Trust

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.