MGB Wealth Management LLC Sells 3,662 Shares of BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ)

MGB Wealth Management LLC reduced its stake in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) by 7.1% in the third quarter, Holdings Channel.com reports. The institutional investor owned 47,869 shares of the investment management company’s stock after selling 3,662 shares during the period. MGB Wealth Management LLC’s holdings in BlackRock Enhanced Equity Dividend Trust were worth $414,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. CWM LLC raised its stake in BlackRock Enhanced Equity Dividend Trust by 32.9% in the second quarter. CWM LLC now owns 8,333 shares of the investment management company’s stock worth $68,000 after buying an additional 2,065 shares in the last quarter. First Heartland Consultants Inc. purchased a new stake in BlackRock Enhanced Equity Dividend Trust in the second quarter worth about $86,000. Kapstone Financial Advisors LLC purchased a new stake in BlackRock Enhanced Equity Dividend Trust in the second quarter worth about $89,000. Prairie Wealth Advisors Inc. grew its holdings in BlackRock Enhanced Equity Dividend Trust by 14.7% in the second quarter. Prairie Wealth Advisors Inc. now owns 16,800 shares of the investment management company’s stock worth $137,000 after purchasing an additional 2,150 shares during the period. Finally, Virtu Financial LLC purchased a new stake in BlackRock Enhanced Equity Dividend Trust in the first quarter worth about $147,000.

BlackRock Enhanced Equity Dividend Trust Stock Performance

Shares of BDJ opened at $8.83 on Friday. BlackRock Enhanced Equity Dividend Trust has a fifty-two week low of $7.60 and a fifty-two week high of $9.07. The firm’s 50-day simple moving average is $8.71 and its two-hundred day simple moving average is $8.43.

BlackRock Enhanced Equity Dividend Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a $0.0562 dividend. This represents a $0.67 dividend on an annualized basis and a yield of 7.64%. The ex-dividend date of this dividend is Friday, November 15th.

BlackRock Enhanced Equity Dividend Trust 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.