Cove Private Wealth LLC Purchases New Holdings in BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ)

Cove Private Wealth LLC purchased a new position in shares of BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 45,237 shares of the investment management company’s stock, valued at approximately $375,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Prairie Wealth Advisors Inc. boosted its position in BlackRock Enhanced Equity Dividend Trust by 14.7% during the second quarter. Prairie Wealth Advisors Inc. now owns 16,800 shares of the investment management company’s stock worth $137,000 after purchasing an additional 2,150 shares during the period. Logan Stone Capital LLC bought a new stake in shares of BlackRock Enhanced Equity Dividend Trust during the 2nd quarter worth about $345,000. Creative Planning grew its stake in BlackRock Enhanced Equity Dividend Trust by 28.5% in the 2nd quarter. Creative Planning now owns 131,265 shares of the investment management company’s stock valued at $1,072,000 after buying an additional 29,145 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in BlackRock Enhanced Equity Dividend Trust by 20.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 40,471 shares of the investment management company’s stock valued at $331,000 after buying an additional 6,746 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new position in BlackRock Enhanced Equity Dividend Trust in the 2nd quarter valued at about $1,012,000.

BlackRock Enhanced Equity Dividend Trust Stock Performance

Shares of NYSE:BDJ opened at $8.66 on Monday. BlackRock Enhanced Equity Dividend Trust has a 12-month low of $7.71 and a 12-month high of $9.07. The business has a 50 day moving average of $8.63 and a 200-day moving average of $8.54.

BlackRock Enhanced Equity Dividend Trust Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be paid a $0.0619 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This is an increase from BlackRock Enhanced Equity Dividend Trust’s previous monthly dividend of $0.05. This represents a $0.74 annualized dividend and a yield of 8.58%.

BlackRock Enhanced Equity Dividend Trust 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.