Baird Financial Group Inc. Sells 2,136 Shares of BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ)

Baird Financial Group Inc. trimmed its position in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) by 0.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 267,378 shares of the investment management company’s stock after selling 2,136 shares during the quarter. Baird Financial Group Inc.’s holdings in BlackRock Enhanced Equity Dividend Trust were worth $2,214,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Summit Securities Group LLC bought a new position in BlackRock Enhanced Equity Dividend Trust in the fourth quarter valued at approximately $38,000. JPMorgan Chase & Co. grew its stake in shares of BlackRock Enhanced Equity Dividend Trust by 1,203.3% during the third quarter. JPMorgan Chase & Co. now owns 5,539 shares of the investment management company’s stock worth $48,000 after buying an additional 5,114 shares during the last quarter. South Plains Financial Inc. bought a new stake in shares of BlackRock Enhanced Equity Dividend Trust during the fourth quarter worth $81,000. Franklin Resources Inc. bought a new stake in shares of BlackRock Enhanced Equity Dividend Trust during the fourth quarter worth $92,000. Finally, GWN Securities Inc. bought a new stake in shares of BlackRock Enhanced Equity Dividend Trust during the fourth quarter worth $94,000.

BlackRock Enhanced Equity Dividend Trust Stock Up 0.8%

NYSE BDJ opened at $8.50 on Monday. The firm’s fifty day moving average price is $8.34 and its two-hundred day moving average price is $8.58. BlackRock Enhanced Equity Dividend Trust has a fifty-two week low of $7.16 and a fifty-two week high of $9.07.

BlackRock Enhanced Equity Dividend Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.0619 per share. The ex-dividend date is Thursday, May 15th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 8.74%.

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.