Silverlake Wealth Management LLC Trims Stake in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ)

Silverlake Wealth Management LLC cut its holdings in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) by 25.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,072 shares of the investment management company’s stock after selling 4,916 shares during the period. Silverlake Wealth Management LLC’s holdings in BlackRock Enhanced Equity Dividend Trust were worth $117,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Sunbelt Securities Inc. raised its holdings in BlackRock Enhanced Equity Dividend Trust by 7.3% in the 3rd quarter. Sunbelt Securities Inc. now owns 21,134 shares of the investment management company’s stock worth $183,000 after purchasing an additional 1,440 shares during the period. Dakota Wealth Management raised its stake in shares of BlackRock Enhanced Equity Dividend Trust by 5.4% in the fourth quarter. Dakota Wealth Management now owns 34,007 shares of the investment management company’s stock worth $282,000 after buying an additional 1,740 shares during the period. Venture Visionary Partners LLC lifted its position in shares of BlackRock Enhanced Equity Dividend Trust by 9.0% during the 3rd quarter. Venture Visionary Partners LLC now owns 36,830 shares of the investment management company’s stock valued at $319,000 after buying an additional 3,042 shares in the last quarter. XML Financial LLC grew its stake in shares of BlackRock Enhanced Equity Dividend Trust by 30.7% during the 3rd quarter. XML Financial LLC now owns 20,571 shares of the investment management company’s stock valued at $178,000 after acquiring an additional 4,837 shares during the period. Finally, Ashton Thomas Securities LLC increased its holdings in BlackRock Enhanced Equity Dividend Trust by 7.2% in the 3rd quarter. Ashton Thomas Securities LLC now owns 74,876 shares of the investment management company’s stock worth $648,000 after acquiring an additional 5,000 shares in the last quarter.

BlackRock Enhanced Equity Dividend Trust Stock Up 1.8 %

Shares of NYSE:BDJ opened at $8.97 on Thursday. BlackRock Enhanced Equity Dividend Trust has a 1-year low of $7.80 and a 1-year high of $9.07. The firm’s 50 day simple moving average is $8.60 and its two-hundred day simple moving average is $8.58.

BlackRock Enhanced Equity Dividend Trust Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a dividend of $0.0619 per share. This is a boost from BlackRock Enhanced Equity Dividend Trust’s previous monthly dividend of $0.05. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 8.29%.

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.