BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) Shares Sold by Raymond James & Associates

Raymond James & Associates lessened its position in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ – Free Report) by 3.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,038,679 shares of the investment management company’s stock after selling 68,312 shares during the quarter. Raymond James & Associates’ holdings in BlackRock Enhanced Equity Dividend Trust were worth $16,656,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. NCM Capital Management LLC purchased a new stake in shares of BlackRock Enhanced Equity Dividend Trust in the fourth quarter valued at $78,000. Oder Investment Management LLC raised its stake in shares of BlackRock Enhanced Equity Dividend Trust by 5.1% during the 4th quarter. Oder Investment Management LLC now owns 29,498 shares of the investment management company’s stock valued at $227,000, after which acquired an additional 1,419 shares in the last quarter. Karpus Management Inc. purchased a new position in shares of BlackRock Enhanced Equity Dividend Trust during the fourth quarter valued at approximately $282,000. NBC Securities Inc. boosted its position in shares of BlackRock Enhanced Equity Dividend Trust by 11.4% in the fourth quarter. NBC Securities Inc. now owns 99,174 shares of the investment management company’s stock worth $762,000 after acquiring an additional 10,149 shares in the last quarter. Finally, Eagle Wealth Strategies LLC purchased a new stake in BlackRock Enhanced Equity Dividend Trust in the fourth quarter valued at about $116,000.

BlackRock Enhanced Equity Dividend Trust Stock 0.1%

NYSE:BDJ opened at $8.38 on Friday. The company’s 50-day moving average is $8.24, and its two-hundred-day moving average is $8.15. BlackRock Enhanced Equity Dividend Trust has a fifty-two week low of $6.91 and a fifty-two week high of $8.54.

The BlackRock Enhanced Equity Dividend Trust is cutting dividends

The company also recently announced a monthly dividend, which will be paid on Friday, August 30th. Investors of record on Thursday, August 15th will be given a $0.056 dividend. This represents an annualized dividend of $0.67 and a dividend yield of 8.02%. The ex-dividend date is Thursday, August 15.

About BlackRock Enhanced Equity Dividend Trust

(Free report)

BlackRock Enhanced Equity Dividend Trust is a closed-end equity mutual fund launched by BlackRock, Inc. The fund is managed by BlackRock Advisors, LLC. Invest in the US public stock markets. The fund seeks to invest in shares of companies operating in diversified sectors. Invests primarily in dividend-paying stocks of companies of all market capitalizations.

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