OMC Financial Services LTD Takes $575,000 Position in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ)

OMC Financial Services LTD purchased a new stake in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 69,680 shares of the investment management company’s stock, valued at approximately $575,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Kovack Advisors Inc. increased its position in BlackRock Enhanced Equity Dividend Trust by 7.9% during the first quarter. Kovack Advisors Inc. now owns 17,428 shares of the investment management company’s stock worth $144,000 after acquiring an additional 1,280 shares during the period. Conning Inc. lifted its position in shares of BlackRock Enhanced Equity Dividend Trust by 3.7% during the 4th quarter. Conning Inc. now owns 39,784 shares of the investment management company’s stock valued at $306,000 after acquiring an additional 1,416 shares during the period. Oder Investment Management LLC grew its holdings in shares of BlackRock Enhanced Equity Dividend Trust by 5.1% during the 4th quarter. Oder Investment Management LLC now owns 29,498 shares of the investment management company’s stock worth $227,000 after purchasing an additional 1,419 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of BlackRock Enhanced Equity Dividend Trust by 10.4% in the first quarter. International Assets Investment Management LLC now owns 22,515 shares of the investment management company’s stock worth $185,000 after purchasing an additional 2,119 shares during the period. Finally, Stolper Co grew its stake in BlackRock Enhanced Equity Dividend Trust by 3.7% during the first quarter. Stolper Co now owns 60,862 shares of the investment management company’s stock worth $502,000 after buying an additional 2,182 shares in the last quarter.

BlackRock Enhanced Equity Dividend Trust Price Performance

Shares of NYSE:BDJ traded down $0.14 during midday trading on Friday, hitting $8.26. The stock had a trading volume of 575,250 shares, compared to its average volume of 489,621. The company’s 50-day moving average price is $8.22 and its 200-day moving average price is $8.11. BlackRock Enhanced Equity Dividend Trust has a fifty-two week low of $6.91 and a fifty-two week high of $8.54.

BlackRock Enhanced Equity Dividend Trust Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, August 30th. Shareholders of record on Thursday, August 15th will be paid a dividend of $0.056 per share. This represents a $0.67 annualized dividend and a yield of 8.14%. The ex-dividend date of this dividend is Thursday, August 15th.

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.