Stifel Financial Corp Grows Holdings in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ)

Stifel Financial Corp boosted its stake in shares of BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) by 9.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,096,063 shares of the investment management company’s stock after purchasing an additional 99,097 shares during the period. Stifel Financial Corp’s holdings in BlackRock Enhanced Equity Dividend Trust were worth $9,075,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in BDJ. Summit Securities Group LLC purchased a new stake in BlackRock Enhanced Equity Dividend Trust during the 4th quarter valued at $38,000. JPMorgan Chase & Co. grew 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 valued at $48,000 after purchasing an additional 5,114 shares during the period. GWN Securities Inc. purchased a new stake in shares of BlackRock Enhanced Equity Dividend Trust during the 4th quarter valued at about $94,000. Franklin Resources Inc. bought a new position in BlackRock Enhanced Equity Dividend Trust in the fourth quarter worth approximately $92,000. Finally, Virtu Financial LLC bought a new position in BlackRock Enhanced Equity Dividend Trust in the 4th quarter worth $118,000.

BlackRock Enhanced Equity Dividend Trust Stock Up 0.3 %

Shares of NYSE:BDJ opened at $8.23 on Monday. The firm’s 50 day simple moving average is $8.43 and its two-hundred day simple moving average is $8.60. BlackRock Enhanced Equity Dividend Trust has a 1-year low of $7.16 and a 1-year high of $9.07.

BlackRock Enhanced Equity Dividend Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be paid a $0.0619 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $0.74 annualized dividend and a yield of 9.03%.

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.