43,833 Shares in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) Purchased by Mezzasalma Advisors LLC

Mezzasalma Advisors LLC bought a new stake in shares of BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 43,833 shares of the investment management company’s stock, valued at approximately $363,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Raymond James & Associates raised its position in shares of BlackRock Enhanced Equity Dividend Trust by 2.1% during the third quarter. Raymond James & Associates now owns 2,082,445 shares of the investment management company’s stock valued at $18,013,000 after buying an additional 43,766 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of BlackRock Enhanced Equity Dividend Trust by 4.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,083,026 shares of the investment management company’s stock valued at $9,368,000 after purchasing an additional 41,426 shares during the last quarter. Stifel Financial Corp boosted its holdings in shares of BlackRock Enhanced Equity Dividend Trust by 2.3% during the 3rd quarter. Stifel Financial Corp now owns 996,966 shares of the investment management company’s stock valued at $8,624,000 after purchasing an additional 22,548 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of 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 purchasing an additional 412,499 shares in the last quarter. Finally, International Assets Investment Management LLC increased its holdings in shares of BlackRock Enhanced Equity Dividend Trust by 792.7% in the third quarter. International Assets Investment Management LLC now owns 341,764 shares of the investment management company’s stock worth $29,560,000 after purchasing an additional 303,480 shares during the last quarter.

BlackRock Enhanced Equity Dividend Trust Trading Down 1.3 %

NYSE:BDJ opened at $8.79 on Friday. The business’s 50-day moving average is $8.60 and its 200 day moving average is $8.58. BlackRock Enhanced Equity Dividend Trust has a 12 month low of $7.80 and a 12 month high of $9.07.

BlackRock Enhanced Equity Dividend Trust Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a $0.0619 dividend. The ex-dividend date of this dividend is Friday, February 14th. This is a positive change from BlackRock Enhanced Equity Dividend Trust’s previous monthly dividend of $0.05. This represents a $0.74 dividend on an annualized basis and a dividend yield of 8.46%.

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.