GWN Securities Inc. Makes New $94,000 Investment in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ)

GWN Securities Inc. purchased a new position in shares of BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 10,763 shares of the investment management company’s stock, valued at approximately $94,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. purchased a new stake in shares of BlackRock Enhanced Equity Dividend Trust during the 3rd quarter worth about $43,000. JPMorgan Chase & Co. boosted its stake in shares of BlackRock Enhanced Equity Dividend Trust by 1,203.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,539 shares of the investment management company’s stock worth $48,000 after acquiring an additional 5,114 shares in the last quarter. Arete Wealth Advisors LLC purchased a new stake in shares of BlackRock Enhanced Equity Dividend Trust during the 3rd quarter worth about $98,000. Icon Wealth Advisors LLC purchased a new stake in shares of BlackRock Enhanced Equity Dividend Trust during the 3rd quarter worth about $118,000. Finally, Western Financial Corp CA purchased a new stake in shares of BlackRock Enhanced Equity Dividend Trust during the 4th quarter worth about $125,000.

BlackRock Enhanced Equity Dividend Trust Price Performance

BDJ stock opened at $8.67 on Wednesday. The company’s 50-day simple moving average is $8.74 and its 200-day simple moving average is $8.67. BlackRock Enhanced Equity Dividend Trust has a 52-week low of $7.80 and a 52-week high of $9.07.

BlackRock Enhanced Equity Dividend Trust Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.0619 dividend. The ex-dividend date is Friday, March 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 yield of 8.57%.

About BlackRock Enhanced Equity Dividend Trust

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.