Arete Wealth Advisors LLC Takes Position in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ)

Arete Wealth Advisors LLC bought a new position in shares of BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 11,303 shares of the investment management company’s stock, valued at approximately $98,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its holdings in BlackRock Enhanced Equity Dividend Trust by 138.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 711,096 shares of the investment management company’s stock valued at $6,151,000 after buying an additional 412,499 shares in the last quarter. Kovitz Investment Group Partners LLC purchased a new position in BlackRock Enhanced Equity Dividend Trust during the third quarter valued at $2,770,000. International Assets Investment Management LLC increased its holdings in BlackRock Enhanced Equity Dividend Trust by 792.7% in the 3rd quarter. International Assets Investment Management LLC now owns 341,764 shares of the investment management company’s stock valued at $29,560,000 after acquiring an additional 303,480 shares during the last quarter. Shaker Financial Services LLC lifted its stake in BlackRock Enhanced Equity Dividend Trust by 101.1% in the 2nd quarter. Shaker Financial Services LLC now owns 446,818 shares of the investment management company’s stock worth $3,651,000 after purchasing an additional 224,647 shares in the last quarter. Finally, Polar Asset Management Partners Inc. bought a new position in shares of BlackRock Enhanced Equity Dividend Trust during the 3rd quarter valued at about $1,124,000.

BlackRock Enhanced Equity Dividend Trust Stock Performance

Shares of BlackRock Enhanced Equity Dividend Trust stock opened at $8.60 on Friday. BlackRock Enhanced Equity Dividend Trust has a twelve month low of $7.65 and a twelve month high of $9.07. The business has a 50-day moving average price of $8.79 and a 200-day moving average price of $8.49.

BlackRock Enhanced Equity Dividend Trust Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 16th will be paid a $0.0619 dividend. This is an increase from BlackRock Enhanced Equity Dividend Trust’s previous monthly dividend of $0.05. The ex-dividend date is Monday, December 16th. This represents a $0.74 dividend on an annualized basis and a yield of 8.64%.

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.