Detalus Advisors LLC Trims Stock Holdings in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ)

Detalus Advisors LLC lowered its holdings in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJGet Rating) by 10.5% in the first quarter, HoldingsChannel reports. The firm owned 14,286 shares of the investment management company’s stock after selling 1,675 shares during the period. Detalus Advisors LLC’s holdings in BlackRock Enhanced Equity Dividend Trust were worth $141,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in BDJ. Jackson Grant Investment Advisers Inc. increased its position in BlackRock Enhanced Equity Dividend Trust by 2.7% in the 4th quarter. Jackson Grant Investment Advisers Inc. now owns 42,873 shares of the investment management company’s stock valued at $432,000 after acquiring an additional 1,123 shares during the period. Spire Wealth Management boosted its position in shares of BlackRock Enhanced Equity Dividend Trust by 0.4% in the first quarter. Spire Wealth Management now owns 293,958 shares of the investment management company’s stock worth $2,910,000 after buying an additional 1,174 shares during the period. CFO4Life Group LLC raised its holdings in shares of BlackRock Enhanced Equity Dividend Trust by 4.1% during the fourth quarter. CFO4Life Group LLC now owns 29,797 shares of the investment management company’s stock worth $300,000 after acquiring an additional 1,181 shares in the last quarter. HighTower Advisors LLC raised its holdings in shares of BlackRock Enhanced Equity Dividend Trust by 11.3% during the fourth quarter. HighTower Advisors LLC now owns 11,970 shares of the investment management company’s stock worth $120,000 after acquiring an additional 1,220 shares in the last quarter. Finally, Baird Financial Group Inc. raised its holdings in shares of BlackRock Enhanced Equity Dividend Trust by 0.5% during the fourth quarter. Baird Financial Group Inc. now owns 304,905 shares of the investment management company’s stock worth $3,073,000 after acquiring an additional 1,401 shares in the last quarter.

Shares of NYSE:BDJ opened at $8.93 on Wednesday. BlackRock Enhanced Equity Dividend Trust has a 1 year low of $8.66 and a 1 year high of $10.45. The business has a fifty day simple moving average of $9.21 and a 200 day simple moving average of $9.57.

The company also recently disclosed a monthly dividend, which will be paid on Friday, July 29th. Investors of record on Friday, July 15th will be issued a dividend of $0.0562 per share. This represents a $0.67 annualized dividend and a dividend yield of 7.55%. This is a positive change from BlackRock Enhanced Equity Dividend Trust’s previous monthly dividend of $0.05. The ex-dividend date of this dividend is Thursday, July 14th.

BlackRock Enhanced Equity Dividend Trust Profile (Get Rating)

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.

Further Reading

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Institutional Ownership by Quarter for BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ)

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