BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) Shares Sold by EP Wealth Advisors LLC

EP Wealth Advisors LLC lowered its stake in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) by 14.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,174 shares of the investment management company’s stock after selling 4,157 shares during the quarter. EP Wealth Advisors LLC’s holdings in BlackRock Enhanced Equity Dividend Trust were worth $218,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of BlackRock Enhanced Equity Dividend Trust by 9.8% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 128,789 shares of the investment management company’s stock worth $1,052,000 after acquiring an additional 11,446 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in BlackRock Enhanced Equity Dividend Trust by 28.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 298,597 shares of the investment management company’s stock worth $2,440,000 after purchasing an additional 66,052 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of BlackRock Enhanced Equity Dividend Trust by 70.0% during the second quarter. International Assets Investment Management LLC now owns 38,284 shares of the investment management company’s stock worth $313,000 after buying an additional 15,769 shares during the period. Choreo LLC grew its stake in shares of BlackRock Enhanced Equity Dividend Trust by 220.0% in the second quarter. Choreo LLC now owns 46,861 shares of the investment management company’s stock valued at $382,000 after buying an additional 32,218 shares in the last quarter. Finally, First Heartland Consultants Inc. purchased a new stake in shares of BlackRock Enhanced Equity Dividend Trust in the 2nd quarter valued at $86,000.

BlackRock Enhanced Equity Dividend Trust Price Performance

BDJ opened at $8.60 on Friday. The stock’s 50-day moving average price is $8.79 and its 200 day moving average price is $8.49. BlackRock Enhanced Equity Dividend Trust has a 12-month low of $7.65 and a 12-month high of $9.07.

BlackRock Enhanced Equity Dividend Trust Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 16th will be given a dividend of $0.0619 per share. This represents a $0.74 annualized dividend and a dividend yield of 8.64%. The ex-dividend date is Monday, December 16th. This is a boost from BlackRock Enhanced Equity Dividend Trust’s previous monthly dividend of $0.05.

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.